Posted by Victor Yong > 2019-12-04 15:59 | Report Abuse

P/B~83sen/RM1.23=0.67, for a very diversified big cap stock, cheap :)

Posted by Victor Yong > 2019-12-04 16:02 | Report Abuse

Dividend yield = 4sen/83sen X 100%=4.8%+, not bad, better than FD at 2%+ while capital appreciation is available

Posted by Victor Yong > 2019-12-04 16:07 | Report Abuse

Board: MAIN
Sector: Utilities
Avg Volume (4 weeks): 2,690,920
4 Weeks Range: 0.825 - 0.915
52 Weeks Range: 0.825 - 1.25
Average Price Target: 0.91
Price Target Upside/Downside: +0.085

Posted by Victor Yong > 2019-12-04 16:46 | Report Abuse

Ytl power rebounded strongly today, ytl corp should follow asap :)

Posted by Victor Yong > 2019-12-04 17:12 | Report Abuse

52 week low, buy and hold till 2020, ROI at least 20% :)

YTL Corp to inject UK properties worth over RM1b to YTL REIT next year


By Sharen Kaur - October 7, 2019 @ 11:52am
LONDON: YTL Corp Bhd is preparing to inject its UK properties, estimated to worth over RM1 billion, into its global hospitality real estate investment trusts (YTL Reit) next year.

The group, through YTL Hotels & Properties Sdn Bhd, owns and operates five luxury hotels across United Kingdom.

They are The Academy Hotel in Bloomsbury district, Threadneedles Hotel in London, Monkey Island Estate in the village of Bray, Berkshire on the River Thames, Gainsborough Bath Spa in Bath and the Glasshouse hotel in Edinburgh, Scotland.

YTL Corp executive director Datuk Mark Yeoh said all the five hotels are performing well in terms of occupancy and revenue.

“The hotel business has been very robust since we acquired the properties. All the numbers are very positive. The yields are good, giving us over six per cent per annum. We continuously aim for higher numbers,” Yeoh told the New Straits Times in an exclusive interview here.

Yeoh, who is also executive director for YTL Hotels, added that the group had invested circa about 100 million pounds to acquire and refurbish the properties in the last three to four years.

He said YTL had a global mandate to grow the YTL Reit business and it had been expanding steadily over the years.

YTL Reit, listed in 2005, had a market capitalisation of about RM2.28 billion as at October 3 thisyear, with a wide portfolio of prime hotel properties valued around RM5 billion.

The hospitality assets range from business to luxury hotels and are spread across a range of unique locations worldwide.

In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings), the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts and the Vistana chain of hotels in Kuala Lumpur, Penang and Kuantan.

The Reit's international portfolio comprises Hilton Niseko Village and The Green Leaf Niseko Village in Japan and the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia.

“When we invest in a property, we give it a three to five years horizon. Our properties have to be reitable. We have investors or unit holders who are always with us. They have been long term with us. We have investors dialogue and they are always asking us about expansion.

“We told them when the hotel business matures, and when it gives a lot of yield or yield accretion, we will offer it to the Reit and this is what we are working on doing currently. The numbers are getting there for the London properties,” he said.

YTL Reit’s fourth-quarter net property income (NPI) grew 3.7 per cent year-on-year because of higher master leases, which in turn, was mainly due to the acquisition of The Green Leaf Niseko Village in Japan in September last year.

The NPI increase to RM60.26 million in the fourth financial quarter ended June 30, 2019 (4QFY19) from RM58.11 million a year ago.

Its realised income grew 6.8 per cent to RM35.77 million from RM33.49 million in 4QFY18.

Quarterly revenue increased 1.8 per cent to RM118.67 million from RM116.6 million in 4QFY18.

YTL Reit declared a final income distribution per unit (DPU) of 2.1 sen per unit for the financial year ended June 30, 2019 (FY19). The payout represents 100 per cent of the total distributable income for FY19.

For full FY19, YTL Reit’s NPI increased 1.8 per cent to RM253.28 million versus RM248.83 million the previous year, while revenue fell two per cent to RM490.9 million from RM501 million in FY18.

Its realised income for the year remained flat at RM134.15 million compared with RM134.011 million.

“Our Reit is now giving circa over six per cent so whatever assets we put in they must achieve REIT-accretion. The UK assets are just perfect to grow YTL Reit.

“We are opportunistic investors now. We have a pipeline of assets coming in and we want to constantly give to the Reit. By early 2021 YTL Reit will be bigger than its current size,” said Yeoh.

Posted by yongch > 2019-12-04 18:08 | Report Abuse

When founder around everything fine high profit high share price high dividend unfortunately after 03years he passed away,the eldest son controlled end up only Low Profit Low Share price Low dividend!!!Worst part used the lowest price privitise electric, cement,land let majority small shareholders lost big!!!
Why Reit still got hope???The open secret this was given away to youngest son by his founder father before his still alive!!!Infact All the problems came from eldest son,too greedy and selfish minded!!!tp0.50!!!!

Posted by Victor Yong > 2019-12-04 18:10 | Report Abuse

YTL has many assets in UK, if just let go one like IGB, all time high again easily.

IGB plans to sell stake in UK-based JV firm for RM1.27b
Arjuna Chandran Shankar
/
theedgemarkets.com

December 03, 2019 20:09 pm +08

-A+A
KUALA LUMPUR (Dec 3): IGB Bhd, together with its partner Tower Ray Ltd, plans to sell their 50-50-owned UK-based Black Pearl Ltd, which owns a plot of freehold London land, for £235 million or RM1.27 billion.

IGB said in a bourse filing today that its 50% stake in Black Pearl is held under IGB's wholly-owned Verokey Sdn Bhd. “Verokey and Tower Ray, each hold a 50% stake in Black Pearl Limited (Black Pearl), which owns the freehold title to the land known as 18 Blackfriars Road, SE1, London (Property),” the group said.

Verokey and Tower Ray inked a non-binding heads of terms agreement today with Hero Inc Ltd, Staycity Ltd and BSW Land and Property Ltd, who want to buy their entire stakes in Black Pearl.

The proposed purchase consideration is equal to Black Pearl’s net asset value, calculated on the basis of a valuation of the property, IGB said. The group, however, did not specify as to how the proposed consideration would be satisfied.

"The heads of terms set out the understanding and intention of the Vendors and Purchasers (collectively, the Parties) in respect of the proposed transaction. The Heads of Terms are subject to inter-alia, satisfactory outcome of due diligence being conducted on the property and the proposed transaction. The heads of terms provide for exclusivity for the purchasers until Feb 7, 2020," IGB said.

“Full announcement of the proposed transaction will be made in the event that the parties execute a sale and purchase agreement which shall constitute the definitive documentation, providing the details in respect of the matters broadly set out in the heads of terms,” the group added.

In Black Pearl's planning application to the Greater London Authority that was submitted in April last year, it was planning to build six buildings ranging from five to 53-storey each, on the site that measures 0.80 hectares (ha) in total.

This redevelopment will include an office space, a 548-room hotel, 288 residential units, a flexible retail component, a restaurant, a music venue, and car parks, among others. The architect for the redevelopment was listed as Wilkinson Eyre.

Meanwhile, in London City Hall's website, Black Pearl is also listed as developing a 16-storey student accommodation on 18 Blackfriars Road that will have 13,500 square metres (sq m) of accommodation space, 200 sq m of student amenity space, and 250 sq m of flexible commercial floorspace.

IGB's shares closed at its all-time high of RM3.40 today — which valued the group at some RM2.35 billion — after jumping 15 sen or 4.62%, making it the sixth highest gainer on Bursa Malaysia. Earlier today, it touched RM3.55. Volume-wise, it saw 196,300 shares done.

Posted by Victor Yong > 2019-12-04 18:19 | Report Abuse

If all YTL assets overseas revalued based on net realisable or market values, net assets per share of YTL is not RM1.23 and it could double or triple :)

the valie of RM has tumbled a lot in the past few years :)

Posted by Victor Yong > 2019-12-04 19:54 | Report Abuse

YTL is a growth story, in 2018, quarterly revenue was averaged RM3+ to 4bil+, the recent two quarters exceeded RM5bil++.

YTL is growing tremendously even during this turbulent time.

Strongly believe that it would rebound in stages from now after successfully taken ytl prop private and acquired the majority stake in Lafarge and made it a subsidiary. :)

Posted by takashi86 > 2019-12-04 20:50 | Report Abuse

Bro...before year 2013, ytl revenue used to hovering 20 billions per annum...recent years revenue is dropping...2 qtr for 5bil is no good...ytl got big loan to serve...but lafarge is a great one...but tat day egm didnt went tru...zzz

Posted by takashi86 > 2019-12-04 20:52 | Report Abuse

I got no choice, bought at 1.5-1.4...cant escape liao...if u look for fast money, dun expect ytl to do so in coming qtr...

Posted by Victor Yong > 2019-12-04 22:20 | Report Abuse

A dividend stock in Malaysia for 35 years nonstop. Syabas!

YTL Corporation Berhad (“YTL Corp”) and
its subsidiaries (“Group”) recorded higher
revenue of RM18.05 billion for the financial
year ended 30 June 2019 compared to
RM15.89 billion last year, whilst profit
before tax stood at RM1.04 billion for the
financial year under review compared to
RM1.34 billion last year.
YTL Corp declared an interim cash dividend
of 4.0 sen per ordinary share for the
financial year ended 30 June 2019,
r e p r e s e n t i n g a d i v i d e n d y i e l d o f
approximately 3.5%, based on the average
share price during the financial year of
RM1.15 per share. YTL Corp has a consistent
dividend track record and has declared
dividends to shareholders for 35 consecutive
years since listing on the Kuala Lumpur
stock exchange in 1985.
The Malaysian economy recorded lower
gross domestic product (GDP) growth of
4.7% for the 2018 calendar year compared
to 5.9% in 2017, impacted by external and
domestic challenges during the year. The
economy registered GDP growth of 4.5%
in the first quarter and 4.9% in the second
quarter of 2019, supported by robust
expansion in domestic demand. Meanwhile,
in other major economies in which the Group
operates, the United Kingdom (UK) registered
growth of approximately 1.4% during 2018,
with the first and second quarters of the
2019 calendar year registering an estimated
growth of 0.5% and negative 0.2%,
respectively. Singapore’s economy showed
growth of 3.2% in 2018, with growth of
approximately 1.1% and 0.1% respectively
in the first and second quarters of the 2019
calendar year (sources: Ministry of Finance
Malaysia, Bank Negara Malaysia, Singapore
Ministry of Trade & Industry, UK Office for National
Statistics updates & reports).

Posted by Victor Yong > 2019-12-04 22:20 | Report Abuse

Our work stands the test of time by
turning the right opportunity into
the right thing and the right thing
into lasting value. YTL is about
building value that is not simply
lasting, but is worthy of lasting.

Posted by Victor Yong > 2019-12-04 22:21 | Report Abuse

Fantastic slogan :)

BUILDING THE RIGHT THING
The Journey Continues.

Posted by Victor Yong > 2019-12-04 22:23 | Report Abuse

Our focus consistently remains on the Group’s long-term
development and prospects, with investments that have a decades￾long income-generating horizon. This strategy has enabled our
Group to build up a depth of expertise across international utilities,
hotels and hospitality assets across the globe, cement and building
materials markets, construction and property development. This
long-term nature of our commitments ensures continuity and
stability that drive the performance and success of our assets
and enable our businesses to better weather cycles of difficult
operating conditions.
TAN SRI DATO’ (DR) FRANCIS YEOH SOCK PING
PSM, KBE, CBE, FICE, SIMP, DPMS, DPMP, JMN, JP

Posted by Victor Yong > 2019-12-04 22:24 | Report Abuse

Bagus :p

On the corporate front, in June 2019, YTL Corp extended a voluntary
share exchange offer to the shareholders and holders of the
irredeemable convertible unsecured loan stocks (ICULS) of YTL
Land & Development Berhad. As at the close of the offer on
7 October 2019, YTL Corp held 90.45% of YTL Land’s shares and
91.04% of the ICULS. Accordingly, YTL Land’s shares and ICULS
were suspended from trading on Bursa Malaysia Securities Berhad
from 15 October 2019, being the expiry of 5 market days from
the closing of the offer on 7 October 2019.
We saw an expansion of our hotels division this year with our
acquisition of The Westin Perth in Australia. Located in Perth’s
central business district, this 5-star hotel is within walking distance
of landmarks such as Elizabeth Quay and Optus Stadium and
adjacent to the city’s prime shopping and dining district.

Posted by Victor Yong > 2019-12-04 22:25 | Report Abuse

OVERVIEW
The principal activities of YTL Corporation Berhad (“YTL Corp” or “Company”) are those of an investment holding and management
company. The key reporting segments of YTL Corp and its subsidiaries (“YTL Corp Group” or “Group”) are Utilities, Cement Manufacturing
and Trading, Construction, Property Investment and Development, Hotel Operations, Management Services and Others, and Information
Technology (“IT”) and e-Commerce Related Business.
YTL Corp is an integrated infrastructure developer domiciled in Malaysia, with extensive international operations in the United Kingdom
(UK) and Singapore, as well as businesses and projects under development in other countries including Indonesia, Australia, Japan,
Jordan and China.
Revenue by Country – 2019
YTL Corp is amongst the largest companies listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). YTL
Corp has also had a secondary listing on the Tokyo Stock Exchange since 1996 and was the first non-Japanese Asian company to list
on the Tokyo exchange.
YTL Corp’s subsidiaries listed on the Main Market of Bursa Securities are YTL Power International Berhad (“YTL Power”), YTL Hospitality
REIT (“YTL REIT”) and Malayan Cement Berhad (formerly known as Lafarge Malaysia Berhad) (“Malayan Cement”). The Group also has
a stake in Starhill Global Real Estate Investment Trust (“Starhill Global REIT”), which is listed on the Mainboard of the SGX-ST, the
Singapore stock exchange.
During the financial year under review, YTL Corp, YTL Power and Malayan Cement were components of the FTSE4Good Bursa Malaysia
Index, which is an index designed to measure the performance of companies demonstrating good Environmental, Social and Governance
(ESG) practices.

Posted by Victor Yong > 2019-12-04 22:27 | Report Abuse

Bagus!

OBJECTIVES & STRATEGIES
The YTL Corp Group pursues the geographic diversification and
expansion of its revenue base through greenfield developments
and strategic acquisitions both domestically and overseas, focusing
on regulated utility assets and other businesses correlated to its
core competencies of cement, construction, property development
and hotel operations, with the goal of maximising shareholder
value and building and operating strong businesses that are viable
and sustainable on a long-term basis.
The YTL Corp Group also derives a significant part of its revenue
from operating various regulated utility assets under long-term
concessions and/or licenses, enabling the Group to achieve stable
earnings and mitigate the downside risks arising from economic
uncertainties and changing operating conditions, both in Malaysia
and globally.
The principal components of the YTL Corp Group’s strategy
comprise:
• Diversification and expansion of the Group’s revenue
base through greenfield developments and strategic
acquisitions overseas, particularly in the area of
regulated utilities. The YTL Corp Group pursues a strategy
of acquiring regulated assets operating under long-term
concessions and other businesses correlated to its core
competencies. The Group’s regulated utilities demonstrate
ongoing growth, with the regulated asset value of these
assets increasing over time. The Group’s existing overseas
operations in this area continue to generate steady returns
and its overseas acquisitions diversify income streams and
enable the Group to avoid single-country and single-industry
risks.
• Growth and enhancement of the YTL Corp Group's
core businesses in Malaysia. The Group’s strategy to grow
its businesses in Malaysia is to leverage its expertise in its
core competencies, particularly in the areas of power generation
(in both contracted and merchant markets), water and sewerage
services, merchant multi-utility services, communications,
construction contracting, property development and investment,
manufacturing of cement and other industrial products and
supplies, hotel development and management (including
restaurant operations), and the provision of consultancy,
incubating and advisory services for internet businesses and
internet-based education solutions and services.
• Ongoing optimisation of the Group’s capital structure.
The YTL Corp Group maintains a balanced financial structure
by optimising the use of debt and equity financing and ensuring
the availability of internally generated funds and external
financing to capitalise on acquisition opportunities. A key
component of the Group’s growth strategy is its practice of
funding the debt component of its acquisitions and greenfield
projects largely through non-recourse financing which has
ensured that the Group only invests in projects that are
commercially viable on a stand-alone basis.
• Enhancement of operational efficiencies to maximise
returns from the Group’s businesses and expand its
customer base. The Group believes that its cement and
power plants on average operate within the highest efficiency
levels of their industries and further enhances operational
efficiencies where possible through the application of new
technologies, production techniques and information technology

Posted by Victor Yong > 2019-12-04 22:31 | Report Abuse

Satisfactory - privatise d ytlprop, acquired lafarge, etc during such turbulent year and still profitable and growing rapidly :)

REVIEW OF FINANCIAL PERFORMANCE
Group Financial Performance
The YTL Corp Group recorded revenue of RM18,047.5 million for the financial year ended 30 June 2019 compared to RM15,890.1
million for the financial year ended 30 June 2018. The increase in revenue was due mainly to the Utilities, Construction, Hotel
Operations and Property Investment and Development segments.
The Group recorded profit before taxation of RM1,036.5 million for the financial year under review. This represents a decrease of
22.4% compared to RM1,335.7 million recorded for the previous financial year ended 30 June 2018.
The Group’s foreign operations continue to be largest contributors, with overseas operations accounting for approximately 68.1% of the
Group’s revenue and 78.8% of non-current assets for the 2019 financial year, compared to 69.9% and 77.1%, respectively, last year.

Posted by GoldenShares > 2019-12-04 23:43 | Report Abuse

oversold !

Posted by Victor Yong > 2019-12-05 05:44 | Report Abuse

Would ytl also privatise ytlpower soon? :)

Besides market conditions, founders or owners of companies may look at privatisation to carry out internal restructuring or reorganisation of their various businesses — possibly including those not currently parked under the listed entity — and feel this reorganisation would be best achieved if the company is firstly taken private, said Gan.

It also makes little sense for companies to maintain a listing if the benefits of higher valuations, access to public capital and brand recognition are unable to outweigh the attendant costs as well as regulatory and public scrutiny.

YTL Group, for instance, has undertaken several privatisations of its listed subsidiaries over the past few years, the latest being YTL Corp’s proposal for YTL Land & Development Bhd this year.

YTL Corp took YTL Cement private in 2011 and YTL E-Solutions Bhd in 2016. In May this year, YTL Corp also bought a controlling 51% stake in loss-making cement maker Lafarge Malaysia Bhd.

Posted by Victor Yong > 2019-12-05 06:00 | Report Abuse

KUALA LUMPUR (Oct 9): YTL Corp, parent of YTL Hospitality REIT's plan to inject U.K. hotels worth RM1 billion into the REIT's portfolio is positive as it is yield-accretive, particularly for master lease hotels which have lower occupancy and earnings risks, Maybank Kim Eng says.

YTL Hospitality owns and operates five luxury hotels across the U.K, including the Academy in Bloomsbury district and Threadneedles in London. These hotels are performing well in terms of occupancy and revenue, while yielding over 6% annually, the brokerage says

Posted by Victor Yong > 2019-12-05 06:01 | Report Abuse

Another boost upon approval.

KUALA LUMPUR: YTL Group has reportedly submitted its planning application to local councils for a 17,000 capacity entertainment arena on the northern edge of Bristol, the UK.

According to reports, the group, through YTL Corp Bhd’s wholly-owned unit, YTL Developments (UK) Ltd, plans to repurpose the iconic Brabazon hangars into a new entertainment complex built around the 17,080-seat venue located in the central hangar.

If approved, the arena, which would open in early 2023, would be the third largest in the UK, after Manchester and the O2 in London.

Bristol Post said YTL is investing around £2 billion (RM10.76 billion) in its Filton airfield projects — the Brabazon arena and neighbourhood including homes, parks, green spaces, schools, a health centre, a university campus and 62 acres (25.09ha) of employment space.

Bristol and South Gloucestershire councils will be jointly responsible for making £100 million worth of infrastructure improvements around the Filton area, the report added.

The firm first revealed its vision for an arena at the site more than a year ago, but there were little details until now.

For the arena, YTL was quoted as saying that the “unique seating bowl” design would allow for flexible capacity — ranging from 4,000 to 17,000, which could attract a variety of events.

YTL is also planning to transform two other hangars into large-scale flat floor event space, “Festival Hall” and “The Hub”.

“The Bristol City Council will have the final say on whether the scheme goes ahead, but as the site sits right on the border, the South Gloucestershire Council will be invited to give its input.

“This [is] the fourth attempt to get an arena built in the city of Bristol. Now the planning application has been submitted the public will have a chance to comment on the plan before it goes before Bristol’s development control committee next year,” Bristol Post reported

Posted by Victor Yong > 2019-12-05 06:03 | Report Abuse

Successfully turnaround lafarge/Mcement, OTW :)

Malayan Cement Bhd
(Nov 19, RM3.28)
Upgrade to buy with a higher target price (TP) of RM3.95: We gather that rebates for cement have been reduced, resulting in higher cement prices. We believe YTL Cement’s acquisition of Malayan Cement Bhd (MCB) has improved industry dynamics that have been pressured by intense price competition and sluggish demand over the past few years. YTL Cement and MCB have a combined market share of about 60%, leading to cost synergies and better pricing power. In addition, we expect cement demand to recover with the revival of several major infrastructure projects. We factor in: i) a higher cement price of RM215 per tonne (from RM200 per tonne) in financial year 2021 (FY21); ii) better cost synergies between YTL Cement and MCB; and iii) an improved utilisation rate on the back of stronger demand next year. We upgrade our call on MCB to “buy” with a TP of RM3.95.


Several key projects such as the East Coast Rail Link (ECRL), Bandar Malaysia and Penang Transport Master Plan have recently been revived. This should help support cement prices and sales. We expect MCB’s cement sales to improve (FY20F [forecast]/FY21F/FY22F: 2%/4%/3%).

We do not discount the possibility of YTL Corp Bhd injecting YTL Cement into MCB in the future, given that YTL Cement has kept MCB’s listing status. This could create greater shareholder value.

Our TP of RM3.95 is pegged at an unchanged price-to-book multiple of 1.35 times, a 10% discount to MCB’s three-year mean of 1.5 times.

Sales volume might also improve with an expected increase in local demand. We believe domestic cement consumption contracted in the first half of calendar year 2019 due to slow progress in some key infrastructure projects, such as the Light Rail Transit Line 3.

However, we expect cement demand to recover gradually when work on these projects resumes, which is likely to spill over into next year. Demand from the ECRL project should also come next year as the subcontracting portion for local contractors is expected by early 2020.

We understand that MCB’s plants have been running at full steam except for the Rawang plant, which is being refurbished. Once the Rawang plant is completed, this could support MCB’s volume and help increase its overall utilisation rate.

As we are positive on MCB’s cost-optimisation efforts, a turnaround might come as soon as next year after its recent price recovery. We have imputed our assumption of higher cement prices — a RM15 per tonne increase — from our previous assumption. We also assume a higher utilisation rate driven by an expected increase in local demand and completion of refurbishment of the Rawang plant. According to our estimate, an increase of RM10 per tonne in the bulk price could boost MCB’s earnings by about RM35 million. — AllianceDBS Research, Nov 19

Posted by Good123 > 2019-12-05 06:12 | Report Abuse

will keep some in my portfolio :)

CGS-CIMB Research: YTL Corp Q1 results in line, TP 89 sen
ANALYST REPORTS
Wednesday, 27 Nov 2019

8:47 AM MYT



YTL Cement could be given a boost from a positive review of the KL-Singapore HSR project which is due in May 2020.

KUALA LUMPUR: YTL Corp 1QFY20 results were broadly in line; core net profit rose 58% year-on-year (yoy), driven by strong revenue growth of 29% yoy.

It said on Wednesday overall performance was mainly boosted by construction but mitigated by higher operating cost, mainly from the full consolidation of Malayan Cement.

“Maintain Hold as the stock lacks catalysts. Our TP is lowered to 89 sen, ” it said. The previous target was RM1.01.

CGS-CIMB Research said the 1QFY20 core net profit made up 27% of its and consensus full-year forecasts.


“We deem the results broadly in line as we expect continued weakness in the earnings of the multiutilities business under YTL Power in the coming quarters.

“The 1Q revenue surged 29% yoy due to the consolidation of Malayan Cement (formerly known as Lafarge Malaysia) and stronger billings for the Gemas-JB rail double-tracking project.

“However, the consolidation of the cement operations brought about higher operating cost in 1Q20, up 35% yoy. In spite of this, overall core net profit in 1Q20 still surged 58% yoy, supported by strong revenue growth, ” it said.

Construction revenue jumped 314% to RM441m in 1Q20 due to higher progress of the RM8.9bn Gemas-JB electrified rail double-tracking project.

Pretax profit surged from a mere RM0.6m in 1Q19 to RM67m in 1Q20, coupled with a significant improvement in pretax margins from 1% in 1Q19 to 15% in 1Q20.

“The 1Q20 also reflected the full quarter’s consolidation of Malayan Cement. 1Q20 cement segment revenue grew by 76% yoy, which we also suspect was due to higher average ASPs qoq (lower rebates). However, the segment booked RM9.5m pretax losses due to higher finance cost, ” it said.

CGS-CIMB Research said in 1Q20, the utilities division recorded 4.9% yoy revenue growth, though still impacted by a decline in telecommunication revenue due to the absence of project revenue.

However, the segment reported a 58% contraction in pretax profit, due mainly to a significant reduction in vesting contract level and loss of sale of fuel oil and higher operating cost at Wessex Water.

“We expect the earnings outlook for YTL Power to be weaker in the coming quarters, as the multi-utilities business faces competitive pressure, ” it said.

“Though we roll over to end-CY20, our TP is cut from RM1.01 to RM0.89 as we factor into our RNAV the lower TP for YTL Power and lower market capitalisation for listed entities (unchanged 40% RNAV discount).

“We maintain a Hold recommendation in view of the likely limited potential catalysts to share price in the medium term.

“We believe potential overhang on the share price could sustain pending a turnaround of Malayan Cement’s operations and the review of the KL-Singapore HSR project which is due in May 2020.

“HSR presents a potential large-scale tender for YTL Corp and upside risks to share price. Maintain Hold. Downside risk is weaker earnings, ” it said.

Posted by Good123 > 2019-12-05 06:13 | Report Abuse

expecting much improved results in the coming Q2 for ytl

Posted by Good123 > 2019-12-05 06:14 | Report Abuse

a dividend paying stock for 35 years, solid as rock :)

Posted by Good123 > 2019-12-05 06:15 | Report Abuse

based on current oversold plus cheap valuation, dividend yield is attractive too at 4.85%

Posted by Good123 > 2019-12-05 06:22 | Report Abuse

next year, rewarding year for ytl :)

KUALA LUMPUR (Oct 9): YTL Corp, parent of YTL Hospitality REIT's plan to inject U.K. hotels worth RM1 billion into the REIT's portfolio is positive as it is yield-accretive, particularly for master lease hotels which have lower occupancy and earnings risks, Maybank Kim Eng says. 
YTL Hospitality owns and operates five luxury hotels across the U.K, including the Academy in Bloomsbury district and Threadneedles in London. These hotels are performing well in terms of occupancy and revenue, while yielding over 6% annually, the brokerage says.

Posted by Good123 > 2019-12-05 06:23 | Report Abuse

ytl's listed subsidiary, first mover advantages :)

PUTRAJAYA: YTL Power International Bhd’s 60%-owned YTL Communications Sdn Bhd (YES) is eyeing the deployment of its 5G-ready Terragraph network in more cities in Malaysia, following the success of its pilot project in George Town, Penang.
YES chief executive officer Wing K Lee said the service provider is in discussions with several cities, which have been “very keen” to adopt the technology, with the group in the midst of making preparations.
“We will be making a few announcements over the next few months. The city that is the easiest to work with will get the technology up and running the soonest. We were able to deploy in George Town, with strong support from the state government and city council, which was why we could move very fast.
“Wherever we go, if we have full support from the local authorities, we can move fast,” said Wing on the sidelines of the launching of the National Fiberisation and Connectivity Plan (NFCP) here yesterday.
He explained that the Terragraph network is the first millimetre wave network as well as the first large-scale IPv6 network of its kind in Malaysia — the two foundations to support 5G capabilities.
The company launched the gigabit-speed network in George Town in March, making Malaysia the second country in the world to test the new technology after Hungary.
“We have had the opportunity over the past seven months to test the technology in a real-world situation, in George Town. We have delivered our service to 50 Wi-Fi hotspots, and because it is based on strong millimetre wave technology, we managed to deliver speeds of 170Mbps at these Wi-Fi hotspots.
“Using Terragraph, we are able to deliver broadband services to businesses and hotels in George Town, compared with the case in the past where they were suffering from the copper wire Streamyx service which only provided them 2Mbps to 4Mbps. Now they are getting more than 100Mbps,” said Wing.
YES’ seven-month experience in George Town has provided the company the necessary knowledge, with Wing adding that it is ready to support 5G technology, given that the group’s network is all-IP and all-LTE, which means that it is not weighed down by legacy technologies such as 2G and 3G infrastructure, which plagues other telecommunication companies.
This is why YES is able to provide cheaper pricing for its prepaid and postpaid products, Wing said, adding that the government’s move to reduce the duplication, via infrastructure sharing, will contribute to making cheaper packages going forward.
He said the company hopes to see strong enforcement and governance in ensuring the sharing of infrastructure between the players in the country.
“The duplication of resources is not helpful, which is why the sharing of framework is very crucial. We are happy to see the strong commitment from the government to encourage sharing and we would like to see the governance framework that will bring that into reality,” said Wing.

Posted by Good123 > 2019-12-05 06:28 | Report Abuse

Worthy of praise :)

Cover Story: Envisaging a new-age work environment | https://www.klsescreener.com/v2/news/view/568754

Posted by Victor Yong > 2019-12-05 07:13 | Report Abuse

35 years for paying dividend non-stop is really miraculous. Many penny stocks did not pay any dividend even making money e.g. BCB, MCT, KSL, BJCorp, BJAssets, BJLand, etc, even many GLCs did not pay dividend consistently, ada tahun rugi takda dividen :)

Posted by Victor Yong > 2019-12-05 07:14 | Report Abuse

OK, Good!

03-Dec-2019 04-Dec-2019 Special Issue 674,261 1.100 Additional Listing Detail
25-Nov-2019 26-Nov-2019 Special Issue 1,193,606 1.100 Additional Listing Detail
15-Nov-2019 18-Nov-2019 Special Issue 1,254,311 1.100 Additional Listing Detail
06-Nov-2019 07-Nov-2019 Special Issue 1,735,005 1.100 Additional Listing Detail
25-Oct-2019 29-Oct-2019 Special Issue 753,297 1.140 Additional Listing Detail
21-Oct-2019 22-Oct-2019 Special Issue 6,380 1.140 Additional Listing Detail
16-Oct-2019 17-Oct-2019 Special Issue 186,778 1.140 Additional Listing Detail
14-Oct-2019 15-Oct-2019 Special Issue 13,225,079 1.140 Additional Listing Detail
04-Oct-2019 07-Oct-2019 Special Issue 1,575,523 1.140 Additional Listing Detail
26-Sep-2019 27-Sep-2019 Special Issue 1,666,409 1.140 Additional Listing Detail
23-Sep-2019 24-Sep-2019 Special Issue 2,299,537 1.140 Additional Listing Detail
13-Sep-2019 17-Sep-2019 Special Issue 2,154,454 1.140 Additional Listing Detail
10-Sep-2019 11-Sep-2019 Special Issue 16,080,433 1.140 Additional Listing Detail
03-Sep-2019 04-Sep-2019 Special Issue 17,456,575 1.140 Additional Listing Detail
27-Aug-2019 28-Aug-2019 Special Issue 3,555,341 1.140 Additional Listing Detail
19-Aug-2019 20-Aug-2019 Special Issue 1,715,718 1.140 Additional Listing Detail
14-Aug-2019 15-Aug-2019 Special Issue 798,912 1.140 Additional Listing Detail
08-Aug-2019 09-Aug-2019 Special Issue 1,819,519 1.140 Additional Listing Detail
01-Aug-2019 02-Aug-2019 Special Issue 1,204,688 1.140 Additional Listing Detail
25-Jul-2019 26-Jul-2019 Special Issue 4,944,682 1.140 Additional Listing Detail
17-Jul-2019 18-Jul-2019 Special Issue 31,102,986 1.140 Additional Listing Detail
15-Dec-2016 16-Dec-2016 Acquisitions 8,572,575 1.555 Additional Listing Detail
27-Oct-2016 28-Oct-2016 Acquisitions 218,931 1.650 Additional Listing Detail
24-Oct-2016 25-Oct-2016 Acquisitions 1,702,476 1.650 Additional Listing Detail
19-Oct-2016 20-Oct-2016 Acquisitions 373,838 1.650

Posted by Victor Yong > 2019-12-05 07:35 | Report Abuse

YTL's ERL news :)

Minister: Private collaborations most welcome for better transportation landscape
Author: savemalaysia | Publish date: Wed, 4 Dec 2019, 6:58 PM

KUALA LUMPUR, Dec 4 — More collaborations in the transport sector among private companies are encouraged to help transform the nation’s current transportation landscape.

Transport Minister Anthony Loke Siew Fook said he believed that private companies have the ability to improve the transportation landscape especially by taking advantage of the digital platforms.

Loke also said in the meantime, the government would continue to support the industry players and is open to suggestions from them in improving the current policies relating to transportation.

“Of course, in order to push for better and more innovative transportation services, we need private sector to play the key role and drive these new initiatives using digital platforms,” he said during the launching of Express Rail Link Sdn Bhd (ERL) and GoCar Malaysia partnership under the theme A Glimpse Into The Future of Sustainable Urban Mobility, here, today.

Under the partnership, starting today, travellers to and from KLIA and KLIA2 can get down at selected ERL stations to rent cars using the GoCar application to get to their destination. GoCar is an on-demand car-sharing application where one can reserve, unlock, and access a car, anytime using the smartphone.

Meanwhile, when asked to comment on Auditor-General’s Report 2018 Series 2 on Keretapi Tanah Melayu Berhad’s (KTMB) loss of RM2.829 billion, he said that public transportation is a tough business, thus it requires a lot of government subsidies.

“KTMB also needs to operate in low-return areas, so that also causes losses. It also has a social responsibility to provide services to less populated areas such as in the east coast,” he explained.

Yesterday, the Auditor-General’s Report 2018 Series 2 revealed that KTMB’s loss was due to, among others, KTMB not being given the freedom to make its own decision, particularly on the company’s operations and usage of assets.

Loke added that in the near future, his ministry would announce on the action plans to be taken pertaining to KTMB issue. — Bernama

Posted by Good123 > 2019-12-05 08:33 | Report Abuse

at current price , dividend yield at 4.85% almost twice FD rate at 2.95%. ytl has been paying dividend nonstop for 35 years. suitable even for retirees that require consistent yearly income :)

Posted by Good123 > 2019-12-05 08:34 | Report Abuse

I think, current cheap price wont last long. must be quick while sellers are still willing to let go now :)

Posted by Victor Yong > 2019-12-05 08:57 | Report Abuse

Agreed. Ytl suits retirees , much lower risk, already at multi year low with an attractive dividend yield at 4.85%.. nonstop paying dividend for 35 years till now :)

Posted by Victor Yong > 2019-12-05 09:23 | Report Abuse

:)

Believe potential overhang on the share price could sustain pending a turnaround of Malayan Cement’s operations and the review of the KL-Singapore HSR project which is due in May 2020.

“HSR presents a potential large-scale tender for YTL Corp and upside potential.

Posted by Good123 > 2019-12-05 10:57 | Report Abuse

cheap share price will end sooner than expected

Posted by Good123 > 2019-12-05 10:57 | Report Abuse

even at rm1 per share, dividend yield 4% still much better than fd rate

Posted by Good123 > 2019-12-05 10:58 | Report Abuse

wait till mcement reports profit n hsr berjalan, fly nonstop :)

Posted by Good123 > 2019-12-05 11:01 | Report Abuse

https://www.nst.com.my/business/2019/07/502472/construction-sector-cusp-boom

Posted by Good123 > 2019-12-05 11:02 | Report Abuse

:) Malayan Cement Bhd
(Nov 19, RM3.28)
Upgrade to buy with a higher target price (TP) of RM3.95: We gather that rebates for cement have been reduced, resulting in higher cement prices. We believe YTL Cement’s acquisition of Malayan Cement Bhd (MCB) has improved industry dynamics that have been pressured by intense price competition and sluggish demand over the past few years. YTL Cement and MCB have a combined market share of about 60%, leading to cost synergies and better pricing power. In addition, we expect cement demand to recover with the revival of several major infrastructure projects. We factor in: i) a higher cement price of RM215 per tonne (from RM200 per tonne) in financial year 2021 (FY21); ii) better cost synergies between YTL Cement and MCB; and iii) an improved utilisation rate on the back of stronger demand next year. We upgrade our call on MCB to “buy” with a TP of RM3.95.
 
Several key projects such as the East Coast Rail Link (ECRL), Bandar Malaysia and Penang Transport Master Plan have recently been revived. This should help support cement prices and sales. We expect MCB’s cement sales to improve (FY20F [forecast]/FY21F/FY22F: 2%/4%/3%).
We do not discount the possibility of YTL Corp Bhd injecting YTL Cement into MCB in the future, given that YTL Cement has kept MCB’s listing status. This could create greater shareholder value.
Our TP of RM3.95 is pegged at an unchanged price-to-book multiple of 1.35 times, a 10% discount to MCB’s three-year mean of 1.5 times.
Sales volume might also improve with an expected increase in local demand. We believe domestic cement consumption contracted in the first half of calendar year 2019 due to slow progress in some key infrastructure projects, such as the Light Rail Transit Line 3.
However, we expect cement demand to recover gradually when work on these projects resumes, which is likely to spill over into next year. Demand from the ECRL project should also come next year as the subcontracting portion for local contractors is expected by early 2020.
We understand that MCB’s plants have been running at full steam except for the Rawang plant, which is being refurbished. Once the Rawang plant is completed, this could support MCB’s volume and help increase its overall utilisation rate.
As we are positive on MCB’s cost-optimisation efforts, a turnaround might come as soon as next year after its recent price recovery. We have imputed our assumption of higher cement prices — a RM15 per tonne increase — from our previous assumption. We also assume a higher utilisation rate driven by an expected increase in local demand and completion of refurbishment of the Rawang plant. According to our estimate, an increase of RM10 per tonne in the bulk price could boost MCB’s earnings by about RM35 million. — AllianceDBS Research, Nov 19

Posted by Victor Yong > 2019-12-05 15:44 | Report Abuse

maybe, another xmas gift from ytl like last year as follows. :)


30-Aug-2018 30-Aug-2018 Buyback 6,665,600 1.250 1.330 View Detail
30-Aug-2018 30-Aug-2018 Buyback 6,665,600 1.250 1.330 View Detail
03-Aug-2018 03-Aug-2018 Buyback 2,000,000 1.350 1.350 View Detail
02-Aug-2018 02-Aug-2018 Buyback 3,000,000 1.360 1.360 View Detail
01-Aug-2018 01-Aug-2018 Buyback 3,438,000 1.330 1.350 View Detail
31-Jul-2018 31-Jul-2018 Buyback 2,448,000 1.340 1.340 View Detail
30-Jul-2018 03-Aug-2018 Buyback 13,886,000 1.310 1.360 View Detail
30-Jul-2018 30-Jul-2018 Buyback 3,000,000 1.310 1.310 View Detail
27-Jul-2018 27-Jul-2018 Buyback 4,000,000 1.300 1.300 View Detail
26-Jul-2018 26-Jul-2018 Buyback 3,000,000 1.310 1.310 View Detail
24-Jul-2018 24-Jul-2018 Buyback 4,000,000 1.320 1.320 View Detail
23-Jul-2018 27-Jul-2018 Buyback 15,000,000 1.300 1.320 View Detail
23-Jul-2018 23-Jul-2018 Buyback 4,000,000 1.310 1.310 View Detail
20-Jul-2018 20-Jul-2018 Buyback 3,500,000 1.290 1.310 View Detail
17-Jul-2018 17-Jul-2018 Buyback 4,500,000 1.320 1.340 View Detail
16-Jul-2018 20-Jul-2018 Buyback 17,963,000 1.290 1.340 View Detail
16-Jul-2018 16-Jul-2018 Buyback 9,963,000 1.300 1.330 View Detail
13-Jul-2018 13-Jul-2018 Buyback 7,912,000 1.220 1.270 View Detail
12-Jul-2018 12-Jul-2018 Buyback 10,969,000 1.170 1.210 View Detail
11-Jul-2018 11-Jul-2018 Buyback 2,000,000 1.150 1.150 View Detail
10-Jul-2018 13-Jul-2018 Buyback 26,972,000 1.150 1.270 View Detail
10-Jul-2018 10-Jul-2018 Buyback 6,091,000 1.160 1.180 View Detail
06-Jul-2018 06-Jul-2018 Buyback 9,000,000 1.140 1.150

Posted by Victor Yong > 2019-12-05 15:45 | Report Abuse

it could be coming, whose knows :)


05-Jul-2018 05-Jul-2018 Buyback 6,761,000 1.130 1.140 View Detail
04-Jul-2018 04-Jul-2018 Buyback 7,967,000 1.100 1.110 View Detail
02-Jul-2018 06-Jul-2018 Buyback 28,543,000 1.100 1.150 View Detail
02-Jul-2018 02-Jul-2018 Buyback 4,815,000 1.110 1.130 View Detail
29-Jun-2018 29-Jun-2018 Buyback 12,134,400 1.100 1.130 View Detail
28-Jun-2018 28-Jun-2018 Buyback 3,168,000 1.080 1.100 View Detail
26-Jun-2018 26-Jun-2018 Buyback 2,000,000 1.110 1.110 View Detail
25-Jun-2018 29-Jun-2018 Buyback 19,840,400 1.080 1.160 View Detail
25-Jun-2018 25-Jun-2018 Buyback 2,538,000 1.140 1.160 View Detail
22-Jun-2018 22-Jun-2018 Buyback 6,075,000 1.120 1.140 View Detail
21-Jun-2018 21-Jun-2018 Buyback 6,853,000 1.100 1.170 View Detail
20-Jun-2018 20-Jun-2018 Buyback 7,810,000 1.110 1.180 View Detail
19-Jun-2018 19-Jun-2018 Buyback 8,500,000 1.070 1.100 View Detail
18-Jun-2018 22-Jun-2018 Buyback 33,638,000 1.040 1.180 View Detail
18-Jun-2018 18-Jun-2018 Buyback 4,400,000 1.040 1.070 View Detail
14-Jun-2018 14-Jun-2018 Buyback 4,600,000 1.050 1.070 View Detail
13-Jun-2018 13-Jun-2018 Buyback 4,600,000 0.990 1.060 View Detail
12-Jun-2018 14-Jun-2018 Buyback 14,700,000 0.965 1.070 View Detail
12-Jun-2018 12-Jun-2018 Buyback 5,500,000 0.965 1.020 View Detail

Posted by Victor Yong > 2019-12-05 15:47 | Report Abuse

directors of ytl also could afford buying more shares, u know :)

DATO' YEOH SEOK HONG 01-Jun-2018 Acquired 2,000,000 - View Detail
DATO' YEOH SEOK HONG 31-May-2018 Acquired 5,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 30-May-2018 Acquired 2,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 28-May-2018 Acquired 2,000,000 - View Detail
DATO' YEOH SOO KENG 25-May-2018 Acquired 1,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 25-May-2018 Acquired 3,000,000 - View Detail
DATO' YEOH SOO KENG 11-Apr-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK KIAN 04-Apr-2018 Acquired 1,000,000 - View Detail
DATO' YEOH SEOK HONG 27-Mar-2018 Others 2,000,000 - View Detail
DATO' YEOH SEOK KIAN 27-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK KIAN 27-Mar-2018 Others 2,000,000 - View Detail
DATO' YEOH SEOK HONG 26-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK HONG 26-Mar-2018 Others 5,000,000 - View Detail
DATO' YEOH SOO MIN 26-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SOO MIN 26-Mar-2018 Others 2,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 26-Mar-2018 Others 2,000,000 -

Posted by Victor Yong > 2019-12-05 15:56 | Report Abuse

interesting :)


http://www.ytl.com/shownews.asp?newsID=188

Posted by Lam John > 2019-12-05 16:26 | Report Abuse

YTLREIT dividend the highest within YTL group. Long term investment better choose YTLREIT

Posted by Lam John > 2019-12-05 16:27 | Report Abuse

YTL still down trend

Posted by Lam John > 2019-12-05 16:30 | Report Abuse

When YTL declare 4.5cent dividend lately it share trade at 0.92-0.95 Gets 4.5 dividend not even enough to cover lost