Fuyoh = scammer confirmed. Aka fake gurus. All beware. From now on, your view here is as good as void. Up till today not even 0.65. Your research is rubbish. You are now self exposed. Now we know you are the real scammer. End of case.
Pingpong or maybe should call you keyboard warrior, without brain filter commend again, ok glad to know that 0.65 is your average price wakakaka. Since will drop, why still buy for average down? Make sense?
YTL Corp should be worth RM0.90-1.00 when it starts declaring dividends of 5.0 sen from FY2023, and worth at least RM2.00 when it is able to declare dividends of over 10 sen from FY2025. That's my projections.
YTL Corp Bhd wants to transform itself from a "physical company" into a "full digital player" as it leverages its strengths and builds for the future. It is learnt that this vision means putting digitalisation at the forefront of YTL group's different nature of businesses across the domestic and international utilities, construction, cement, hospitality and property industries. (NST)
Remarkable achievement by YTL group. The land value of the properties owned by YTL in Bukit Bintang may be way higher than the properties themselves. YTL group arguably owns the largest tracts of land there with Lot10, Starhill shopping gallery, JW Marriot hotel, Ritz-Carlton Hotel & Residences, YTL new and old office towers. If I use a land size of 5 acres owned by YTL there, the land itself in Bukit Bintang is worth over RM1.5 billion.
True that it is just paper gain sitting on the balance sheet, but at least it shows how deep value these assets are. The high value of the assets could be used as security for getting big amounts of loans for future expansion, and it demonstrates the high credibility of the group which may enable it to get cheaper financing easier.
Just like when you own an old bungalow house sitting on a large tract of freehold land at a highly sought-after location, you do not have to sell it but you can use it to obtain good financing for your other investments while riding on its future capital appreciation.
We cannot discount the possibility of YTL disposing some of the non-core assets when the price is right.
FYI, YTL disposed off a small piece of land at Genting in Aug 2021 for RM403 million, booking in a handsome profit of RM306 million.
YTL also sold off its stakes in Dama Cement plant in China in June 2021 for RM570 million, booking in a good profit of RM447 million.
YTL Power in Feb 2022 disposed off its 33% stakes in Electranet Australia for RM3.066 billion, booking in a profit of RM2.2 billion.
Major screw-ups like Sapnrg( from '18-'20), Serbak('21), DLady( '19 till now) & Econbhd(ongoing) just hush hush sweep under the carpet coz hundreds of millions coming in every mth to cover up all the holes.
YTL reported a good set of results for Q2 with net profit of RM97 million.
The major profit contributor was the utilities division under YTL Power which reported a good RM200m net profit for the quarter, spurred by strong earnings of RM300m from PowerSeraya and maiden profit of RM42m from the green data centre park.
The cement division made a decent RM52 million profit before tax, lower than last year RM114 million due to higher coal prices in Oct-Dec 2022. As coal prices have retreated by 50% since early Jan 2023, we can expect good profit rebounds in Mcement in Q3. One notable profit contributor was from the hotel division which made a pretax profit of RM49 million in Q2, a good turnaround from last year loss.
Construction division saw lower profit in Q2 due to timing of work recognition. It should rebound in coming quarters as YTL is carrying out few billion ringgit of jobs for the green data centre park and warehouses for 3rd parties.
Operating cashflows in Q2 were strong at RM1,318 million, enough to fund capex of RM985 million and dividend payouts of RM329 million.
Net debts were stable at around RM31.5 billion as of 31 Dec 2022, most of which sit at various subsidiary levels (YTL Power, MCement etc), with about RM750 million of net debt at the holding company level.
Earning drivers for this Q3 will be from the utilities division and cement division. Construction division shall hopefully make meaningful earning contribution in coming quarters.
Dividend for FY2023 should be able to beat the 3.0 sen declared for FY2022.
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....
1pingpong
714 posts
Posted by 1pingpong > 2022-11-11 09:33 | Report Abuse
Fuyoh = scammer confirmed. Aka fake gurus. All beware. From now on, your view here is as good as void. Up till today not even 0.65. Your research is rubbish. You are now self exposed. Now we know you are the real scammer. End of case.