The origin of the phrase “innovate or die” is a matter of some dispute. Peter Drucker famously declared it, though others may have shared in its coinage. But whatever its genesis, the sentiment is now widespread: Stay ahead of the pace of change or you’re toast.

https://hbr.org/amp/2014/12/innovation-on-the-fly

Starlink is one of a growing number of makers of small satellites that also includes Amazon.com's (AMZN.O) Kuiper, Britain's OneWeb, venture capital-backed Planet, and Raytheon Technologies Corp's (RTX.N) Blue Canyon Technologies.

https://www.reuters.com/technology/spacexs-starlink-expects-it-can-provide-global-coverage-around-september-2021-06-22/

I commented on this business a while back. Price has been on a slow decline since then. No innovation, too much debt, profit declined, excessive focus on hydrocarbons for future projects when international community warning against, too much reliance political patronage. Now COP26 and Covid have happened. Where to next?

https://www.nst.com.my/business/2020/03/577961/ytl-offers-free-data-and-e-learning-home-government-school-students But why not just google classroom it’s free?

https://simplywall.st/stocks/my/utilities/klse-ytl/ytl-corporation-berhad-shares/news/the-ytl-corporation-berhad-klseytl-share-price-is-down-58-so-some-shareholders-are-wishing-they-sold/

https://www.theguardian.com/business/2020/jan/31/change-climate-policy-now-to-avert-oil-market-crisis-warns-thinktank?CMP=Share_iOSApp_Other

As i said earlier, despite all the hard promoting on this forum the numbers don’t and won’t lie.

These 4 Measures Indicate That YTL Corporation Berhad (KLSE:YTL) Is Using Debt In A Risky Way

https://www.google.com/amp/s/simplywall.st/stocks/my/utilities/klse-ytl/ytl-corporation-berhad-shares/news/these-4-measures-indicate-that-ytl-corporation-berhad-klseytl-is-using-debt-in-a-risky-way/amp/

@Jarklp Yes I quite agree, the numbers do not lie. The world has changed in past few years but the company has not.

Cement generates 8% of the worlds carbon emissions yet YTL are investing in these higher polluting industries when the global trends are changing so quickly. We have upcoming projects in shale oil, coal fired power etc. And all this with no innovation coming out of the company.

https://www.google.com/amp/s/www.cnbc.com/amp/2019/10/02/financial-regulators-climate-change-risk-to-corporate-bottom-lines.html

If some people on this forum are right, none of this will matter and the company will become very profitable very soon and everyone will be happy. Just look at all the climate problems already happening all around the world, simply ignoring these and pretending nothing will happen is just asking for trouble.

Compare the cost of KLIA express ticket price to purchasing a HSR train ticket in China. There is no comparison in cost.

Don’t think we are back to the old days of overly inflated projects and supernormal profits for vendors (which Malaysia ultimately had to pay for). Malaysians are suffering high cost of living due to legacy price controls and monopolies which need to be broke. If prices are to fall - something has to give https://www.malaymail.com/news/malaysia/2019/12/18/world-bank-economist-malaysia-needs-policy-review-to-address-disconnect-bet/1820219

If YTL do win part of HSR they will make significantly less than previously planned. People in this forum are still believing government contracts will save YTL.

Hope you guys are right. Whatever happens the numbers will speak for themselves. Look forward to the next quarter bring a profitable one.

Even more confused. You are referring to an article date before the election took place. Much has happened since then like BN Govt is no longer in power and project was terminated, then put on hold, etc. So what you are saying is all the original ‘winners’ will still get these deals under the new govt?

Very confused. When did YTL win the HSR project? I thought project would be put to tender etc when it’s announced. Or is it that all a company has to do to win a project this to suggest the idea in the first place?

Better hope Labour don’t win the UK election, they will renationalise water assets at 66% below market value - essentially just above book value https://www.ft.com/content/876e456e-6f42-11e9-bbfb-5c68069fbd15

I agree they should sell loss making units or have a credible plan to turn them into profit.

@takashi86 yes I get the same feeling! ppl must take a balanced view before investing.

YTL is a well resourced and well managed company but times are changing and they must change with the times. Eg Investing in fossil projects like Jordan / Indo is not a good idea, especially with new international regulators planned who will penalise companies who are contributing to the climate issue. Just see my link above to Mark Carney Governor of Bank Of England’s statement.

Look at some of the worlds largest asset managers who recently said they will vote out boards of energy companies who are not addressing the climate issue. YTL must either innovate or invest where new fortunes can be made. Else they will become a dinosaur.

E..g What happens if labour win the UK election ? > they will renationalise all water assets.

Can’t just look at the positives, you need to take a balanced view of overall risk / likelihood of these mega projects being awarded / regulatory risk / political risk etc.

The world is changing very fast. Look at yesterday’s climate article, global temperature rises are out of control. International regulators will start penalising companies still in fossil fuels.

https://www.google.com/amp/s/amp.theguardian.com/environment/2019/oct/13/firms-ignoring-climate-crisis-bankrupt-mark-carney-bank-england-governor

I’m confused, when did YTL win the HSR contract?

Wait till next quarterly report out.

If wanna boost to RM2 then bring back previous govt!

YTL should cut costs and get rid of non profitable units. Get profitability moving in right direction. At same time innovate.

This company facing many potential headwinds, deregulation of electricity sector, political risk abroad, heavy legacy costs, slimmer margins despite higher turnover, etc Must innovate to get out of this. Investors look at bottom line first, eventually numbers go south if the business doesn't progress. Terragraph is like a Elastoplast, it won’t fix the fundamental issues. Can’t rely on government contracts as solution.

Funds pulling out of emerging market stocks

Which of these projects are impacting YTL?

Interesting to note the share price has Bell shape since beginning. Now back to where it started 10 years or so ago.

One question: How will ‘breaking of monopolies’ impact YTL’s current business in Malaysia and how will they deal with this?

Unless everybody thinking back to the good old days of crony contracts.

HSR will not be ‘given’ to YTL. They will have to tender like everybody else. Also margins will be lower due to competitive bidding.

More competition and open bidding - good for the consumer but bad for monopolies

reckon if price crashes - privatisation ?

YTL is looking risky long term https://themalaysianreserve.com/2018/06/13/malaysia-ready-to-break-industry-monopolies/

http://www.theedgemarkets.com/article/not-much-progress-seen-ytl-powers-tanjung-jati-plant. Price for this project is around $1bn in excess of what it should be, it will take concessions to get this project to financial close hence the delays

https://www.thestar.com.my/business/business-news/2018/06/12/ytl-power-risk-reward-no-longer-compelling-says-maybank-invest/

YTL need to focus on the bigger picture. There are plenty of attractive alternatives offering long term plays beyond what they have in place today (eg through innovation and product development). This is a buyers market. Utility plays good, but YTL are too heavily reliant on them - e.g. take those away and what is left..?

We may be getting ahead of ourselves. YTL will not be ‘awarded’ contracts any more, they will have to bid for them competitively like everybody else.