Up here in penthouse, air is cold and is more refreshing. Good for meditation. No mosquito too. My meditation is working . Price now moving the right direction.
On 8th Apr YTL resumed its uptrend and accelerated further to 65.5sen with a more than 30% rise from the bottom reversal of 50sen.
YTL is a front runner in the race for Digital Banking licence. Media report and the investing public believe YTL could potentially secure 1 of the 5 licences. The prospect is bright. Malayan cement a wholly owned subsidiary in which YTL has recently acquired via cash and mainly share swap has turnaround with 50m profit will continue to sustain the raising share price. Hence, premature selling could end up in frustration. Happy trading
Digital bank licence is a feather to the cap. YTL Corp is already very undervalued.
Its stakes in listed subsidiaries (YTL Power, MCement, YTL Hosp REIT and Starhill Global REIT) is already worth more than 70 sen per share. Minus nett debt of RM945m at holding company level, YTL is worth at least RM0.70 - 0.09 = RM0.61 per share.
At current share price of RM0.62, you are getting all its unlisted assets for free! The unlisted assets include YTL e-solutions, ERL, construction arm and Niseko landbank (itself worth 44 sen at market value).
In terms of earnings prospect, it is certainly looking up for YTL this year. YTL Power earnings have bottomed up with Wessex & PowerSeraya contributing steady earnings and new projects coming up (Jordan power plant, solar farm, data centre, power export to Singapore, etc).
Cement division is looking even better with the recent hikes in cement prices in Dec 2021 from RM200-210 to RM270 per tonne, YTL's 77%-owned MCement may rake in net profit of almost RM1.0 billion for 2022 if cement prices stay at RM270-280 per tonne throughout the year.
Longer term prospects may include the revived KL-Singapore High Speed Rail project which it clinched the southern portion earlier before it was suspended, and a bigger high speed rail project linking KL to Thailand which may cost close to RM100 billion.
YTL Power is currently enjoying a powerful re-rating which may take its share price doubling to RM1.50. If that happens, it will add another 30 sen of value to YTL's valuation.
With economic activities almost fully re-opened, YTL's construction and cement division may soon be becoming the largest profit contributor to the group.
With JB_Gemas multi-billion double track rail project well on track, construction division will contribute substantial earnings over next 2 years.
With the recent hikes in cement prices and full consolidation of YTL Cement into Malayan Cement that controls over 68% of Malaysia cement market share, the cement division will take off in coming months with few hundreds of million of profits in 2H2022.
Digital Banking License results?? Slow slow wait la.. Only after every short term traders given up waiting , then the result will come. Nothing come on time or schedule. Look at 5G . How long already ?
But today no big goreng. So probably nothing will happen here . +++++++++++++++++ KUALA LUMPUR (April 28): Bank Negara Malaysia (BNM) will be unveiling the successful applicants for its digital bank licences on Friday (April 29), according to sources
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nicholas99
9,844 posts
Posted by nicholas99 > 2022-04-08 13:08 | Report Abuse
construction theme. and digital banking license..