@Samchong3388 pm me at MQ Chat of the investor partners apps

anyone need KGB's Q32023 Management Result briefing, do PM me at MQ Chat.

KGB will ride the waves till 2026, keep monitoring the Order books.

https://www.semi.org/en/news-media-press-releases/semi-press-releases/global-300mm-fab-equipment-spending-forecast-to-reach-record-%24119-billion-in-2026-semi-reports

MILPITAS, Calif. — June 13, 2023 — Global 300mm fab equipment spending for front-end facilities next year is expected to begin a growth streak to a US$119 billion record high in 2026 following a decline in 2023, SEMI highlighted today in its quarterly 300mm Fab Outlook Report to 2026. Strong demand for high-performance computing, automotive applications and improved demand for memory will fuel double-digit spending in equipment investments over the three-year period.

LogoAfter the projected 18% drop to US$74 billion this year, global 300mm fab equipment spending is forecast to rise 12% to $US82 billion in 2024, 24% to US$101.9 billion in 2025 and 17% to US$118.8 billion in 2026.

“The projected equipment spending growth wave underscores the strong secular demand for semiconductors,” said Ajit Manocha, SEMI President and CEO. “The foundry and memory sectors will figure prominently in this expansion, pointing to demand for chips across a wide breadth of end markets and applications.”

Regional Growth

Korea is expected to lead global 300mm fab equipment spending in 2026 with US$30.2 billion in investments, nearly doubling from US$15.7 billion in 2023. Taiwan is forecast to invest US$23.8 billion in 2026, up from US$22.4 billion this year, and China is projected to log US$16.1 billion in spending in 2026, an increase from US$14.9 billion in 2023. Americas equipment spending is expected to nearly double from US$9.6 billion this year to US$18.8 billion in 2026.

Segment Growth

Foundry is projected to lead other segments in equipment spending at US$62.1 billion in 2026, an increase from US$44.6 billion in 2023, followed by memory at US$42.9 billion, a 170% increase from 2023. Analog spending is forecast to increase from US$5 billion this year to US$6.2 billion in 2026. The microprocessor/microcontroller, discrete (mainly power devices), and optoelectronics segments are expected to see spending declines in 2026, while investments in logic is forecast to rise.

The SEMI 300mm Fab Outlook Report To 2026 report lists 369 facilities and lines globally, including 53 high-probability facilities expected to start operation during the four years starting in 2023.

About SEMI
SEMI® connects more than 2,500 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA), the MEMS & Sensors Industry Group (MSIG), Nano-Bio Materials Consortium (NBMC), and SOI Consortium are SEMI Strategic Technology Communities. Visit www.semi.org, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter to learn more.

Association Contacts

Michael Hall/SEMI
Phone: 1.408.943.7988
Email: mhall@semi.org

@ChloeTai, only if 2nd LCO2 planted is producing, they might have some write-off in Q4, that is very seasonal event. Worse case will go to 28M to 30M. Warrants premium is low but if mother move south it will move south more faster. So need to prepare for that.

Q4 Profit will be around RM32M to RM35M, Total for FY2023 will be around RM100M. PE around 14 at current price of 2.17. ROE of 29.x. FY2024 Estimated Profit will be around RM120M for FY2024 with FPE of 11.7

@ChloeTai currently there is 1,339,700 net short position for KGB.

@ChloeTai https://www.tradingview.com/x/ywOQZTwS/
Adjustment is coming, might retrace before moving higher. Sure will moving higher in 2024, just need more time.

https://www.tradingview.com/x/0t0CINJ8/ ATH 2.60
Powering FBMKLCI windows dressing.

good write up Chloe!!!

@calvintaneng that is NOT MNC, please quote MNC example. US MNC will not allow you to publish their name in your contract win. There have very clear reason for that, but from news update, most can be guess which customer are they. If you deal with US MNC, you will need to protect their interest in NDA first. Not tell the client name does not mean there is somethings to hide, secretary resign does not mean something fishy is cooking, not over due receivables increase does not mean accounting scam going to happen. Time will tell who is right. Investment Banker and analyst do have access to management which most people can't get to.

https://theedgemalaysia.com/article/kelington-secures-construction-contract-worth-around-rm420m

https://www.tradingview.com/x/pDKdR8fA/

new short term target 2.20

@calvintaneng most MNC will not allow vendor to publish their name in contract wins, this is due to the NDA sign and to prevent vendor using MNC name for publicity or promotion to other potential client. There is nothing uncommon about this. Secretary resigned, you have any insider news? She also resigned from another listed company as joint secretary. If CFO resign, it will be serious.

@gohkimhock Well done!!!

https://kelington-group.com/wp-content/uploads/2023/12/20231130-Kenanga-Conviction-Call-Update.pdf
calvintaneng versus samueltan@kenanga.com.my, time will tell.

time will tell. just monitor and wait.

Free cash flow is what the shareholder can get as dividend, as long as there is free cash flow, this business can afford to give some as dividend. This is what we as shareholder want. RM3.0 Billion free cash flow annually, any other KLCI components company have that level of free cash flow.

@Dragon328 with no new data center construction in Singapore, most will go for short term rental of AI cloud for small start-up, for big one leasing will be a good mid term solutions.

@wkc5657 thanks for the sharing, very reasonable calculations for deployment on Q2 2024. @Dragon328, currently there is shortage of the H100 processor, with NVIDIA CEO visit, highly good chance of YTLPower secure the H100 for Q2 2024 deployment. This year 2023 projected output for H100 is about 550,000 pcs. Online price is definitely have been "goreng" beyond reach. Those Chinese firm that need to use H100 for AI deployment will need to subscribe for the AI Data center cloud services. It is Win-win for NVIDIA, YTL Power and the Chinese user.

@Alex Chua, the other 40% is not sure is which Sultan and MARA as per AGM QA session if I did not mis hear what YTLPower MD say. 26% and 16% respectively. @Dragon328 the GPU price should be around USD30K to USD40K depends on configuration, that is retails price. I bet YTL Data Center can get a special pricing from NVDIA with the volume and connections for this sought after items.

@Permutation it wont be so soon reach PE10.0, at least 3-4 quarters, in my opinion. Only higher earning will drive it there.

consolidating before inclusion into FBMKLCI is good.

https://www.tradingview.com/x/TDohAQiH/

Code Stock M-Cap L4Q P/E
1 MAYBANK $109,386,345,889 11.71
2 PBBANK $82,495,439,874 12.17
3 CIMB $61,644,316,194 9.12
4 TENAGA $57,352,458,842 19.87
5 PCHEM $56,560,000,000 27.04
6 IHH $51,873,179,717 20.02
7 CDB $48,099,182,751 41.09
8 HLBANK $41,706,899,784 10.79
9 PMETAL $39,714,957,690 27.2
10 PETGAS $33,084,397,619 17.44
11 MISC $31,648,293,100 15.96
12 SIMEPLT $31,120,715,705 12.97
13 MAXIS $29,918,534,560 25.46
14 NESTLE $27,600,650,000 42.82
15 IOICORP $24,889,388,020 19.71
16 RHBBANK $23,532,051,074 7.85
17 KLK $23,220,262,022 23.44
18 PETDAG $21,418,868,240 22.99
19 AXIATA $21,295,476,230 2.49
20 PPB $20,627,684,616 14.62
21 YTL $20,613,126,576 7.19
22 TM $20,258,113,286 12.62
23 YTLPOWR $20,232,357,670 7.47
24 HLFG $18,819,276,996 4.39
25 GENTING $18,027,566,860 12.13
26 SIME $16,084,810,282 8.54
27 GENM $15,854,579,210
28 MRDIY $14,540,900,670 27.02
29 QL $13,482,460,550 32.74
30 AMBANK $13,323,023,073 7.6

Roling 4 Quarter PE is the last columns.
Average PE is 17.24, GENM is exceptional. I think the YTLPower and YTL weightage in FBMKLCI is not so big.

H100 of Nvidia is a very sought after pcs of hardware for AI Data center, each unit cost USD30K depend on configuration, its service will be very popular for next generation of cloud services with AI feature build-in. This is the next generation infrastructure that YTLPower is invested in now, the grow will be explosive.
https://www.tradingview.com/x/igJZ215D/

Immediate target is above 2.50? Next target 2.74?

@cheeseburger not only infrastructure but Eco system as well to support the growth of AI Hub.

https://theedgemalaysia.com/node/693297

20 Billion project with Nvidia. big capex.

https://www.tradingview.com/x/jprbTN6n/


Next week 2.50???

Home
YTL Power confirms collaborating with Nvidia to build AI infrastructure in Malaysia
Flash
YTL Power confirms collaborating with Nvidia to build AI infrastructure in Malaysia
By theedgemalaysia.com / theedgemalaysia.com
08 Dec 2023, 07:07 pm

main news image
KUALA LUMPUR (Dec 8): YTL Power International Bhd has confirmed that is going to collaborate with Nvidia Corp to build an AI data centre powered by the US-based graphics chip giant’s technology, bringing the fastest supercomputers to Malaysia by the middle of 2024.

The data centre will be owned and managed by YTL Power’s 60%-owned subsidiary YTL Communications Sdn Bhd, and be anchored at YTL Power’s 500MW renewable energy-powered Green Data Centre in Johor, according to the utilities group’s statement on Friday.

“YTL will deploy NVIDIA H100 Tensor Core GPUs, which power today’s most advanced AI data centres, and use NVIDIA AI Enterprise software to streamline production AI. NVIDIA AI Enterprise includes NVIDIA NeMo, an end-to-end, cloud-native framework for building, customising, and deploying generative AI models from anywhere,” YTL Power said.
“NVIDIA H100 GPUs deliver industry-leading generative AI and can speed up large language models (LLMs) by an incredible 30X compared with the previous-generation GPUs,” it added.

While Huang declined to confirm or deny the news reports, it is learnt that YTL and Malaysian Investment Development Authority (Mida) might be making some announcements later on Friday.

https://theedgemalaysia.com/node/693234

https://www.tradingview.com/news/reuters.com,2023:newsml_L6N3D3056:0-nvidia-in-talks-with-malaysia-s-ytl-on-data-centre-deal-sources/

YTLPower net short position fell to ZERO. Look like bull is back.

anyone joining tomorrow AGM?

post dividend payment, it is normal to see some selling.

@calvintaneng time will tell whether you are right or not.

@calvintaneng When you have contracting UHP facilities value of several hundred million per quarter, expected to have high current liabilities, if you look at overall picture, gearing(times) actually reduced from 1.01 to current level of 0.73. Long term is increase due to the construction of 2 LCO2 plants, which will be the next cash cow.

@calvintaneng page 4 of the latest Q3 2023 result on the cash balance at end of period.

@calvintaneng with yearly revenue of nearly going to be RM1.5 Billions and with TOTAL overdue payment of RM28Millions. Impairment of RM12Milions. NOT OVER DUE amount of RM354,835,000. I think the collection is not an issues here. When Revenue growth, receivable will growth, it will take time normalize the amount to a stable value. I don't see significance increase for the last 4 quarter on the receivable side. KGB is growing at ROE of 27% now. With latest cash balances of 188,178,000, compare to 1 year ago cash balances of RM82,451,000.

These data is from section B.12 of the quarterly report.

@calvintaneng
See the data for Not Due, Past Due < 3 months, 3-6months Due, > 6 monts, > 1 years for the last few quaters.
Not Due Past Due < 3 months 3 - 6 months 6 month to 1 year > 1 year Imparied Total
Q1 2022 $128,586,000 $24,820,000 $163,000 $1,010,000 $5,020,000 $9,564,000 $169,163,000
Q2 2022 $283,487,000 $42,935,000 $1,225,000 $83,000 $2,114,000 $9,690,000 $339,534,000
Q3 2022 $289,354,000 $55,560,000 $1,127,000 $1,137,000 $1,355,000 $9,608,000 $358,141,000
Q4 2022 $323,139,000 $61,066,000 $3,139,000 $2,497,000 $9,564,000 $399,405,000
Q1 2023 $294,701,000 $37,154,000 $4,119,000 $1,771,000 $9,564,000 $347,309,000
Q2 2023 $303,981,000 $14,220,000 $1,704,000 $4,210,000 $11,115,000 $335,230,000
Q3 2023 $354,835,000 $18,962,000 $6,530,000 $2,794,000 $12,156,000 $395,277,000

The worse impairment will be the 12millions due > 1 year. When business grow bigger, revenue higher, of course there will be more receivable. As long as you can collect it without affecting cash flow, you are ok. At one point they will need to impair the 12millions.

@MrFox Yes. You are right.

@hoplanner net short position show how the market think of the current share price, if they think it is to high and it will correct, then the more they will short sell the share to gain on the price difference.

@mmk79 https://www.bursamalaysia.com/market_information/market_statistic/securities

net short reduce to 9,153,464

https://www.tradingview.com/x/PYW9B087/

Tomorrow will gap up.

FTSE Bursa Malaysia Index Series
Semi-Annual Review December 2023 - Preliminary Result
29 November 2023
FTSE Russell announces the following semi-annual preliminary changes to the FTSE Bursa Malaysia KLCI Index and
FTSE Bursa Malaysia Mid 70 Index. The changes will be applied after the close of business on Friday, 15 December
2023 and will be effective on Monday, 18 December 2023.
Constituent changes can be accessed via the attachment below:

Inclusions

Company Name Local Code SEDOL
YTL Corp 4677 6436126
YTL Power International 6742 B01GQS6

Exclusions

Company Name Local Code SEDOL
Dialog Group 7277 B00MRS2
Westports Holdings 5246 BDFM1K8

@calvintaneng kindly read AR2022 Page 134, Section 2.3.3, R6 to get a clearer picture

以下是芒格留给投资者的10大金句：

1.我这辈子遇到的聪明人，没有不每天阅读的，没有，一个都没有。

2.你想得到某样东西，最好的办法是让自己配得上它。

3.不要与一头猪摔跤，这样你会全身弄脏，对方却乐此不疲。

4.大多数人都太急躁，担心太多。成功需要很冷静和耐心，机会来临时也要有足够的进取心。

5.最重要的不是你摸到什么牌，而是你能不能把手里的牌打好。

6.多谈谈你的失败历程，少吹嘘你的成功经历，这样对你好。

7.什么事往简单处想，往认真处行。

8.要赚大钱，不是买或卖，而是等待。

9.聪明人也不能免于过度自信带来的灾难。他们认为自己有更强的能力和更好的方法，所以往往在更艰难的道路上疲于奔命。

10.很多智商高的人是不好的投资者，因为他们的性格有缺陷。我认为好的性格比大脑更重要，你必须严格控制那些非理性的情绪，需要冷静、自律，也不能被狂喜冲昏了头脑。

​芒格

Look at section 12 of last quarterly results for receivable dues.

Big chunk, Not past due amount is 354,835,000.
So not much to worry yet.

@OTB https://finance.yahoo.com/news/opportunity-ytl-power-international-berhads-022543455.html this is from simply-wallstreet.

@dragon328 agree with you on comparing TNB and Malakoff which is more sectorial comparison then general comparison. I think a better comparison will be among the FBMKLCI counter once it is in the index. No matters how you compare, it is still undervalue. hahaha. Local investment bank make a lot of money on these call warrants to cater for "certain needs". Based on Yahoo finance DCF model, YTLP should be at what fair price?