YTL Q3 result was fantastic, driven by the Utilities (YTLPower) division.
Pretax profit of RM815.7 million is the highest quarterly profit achieved in years, and this excellent result was achieved without any extraordinary item. (Note that Q3 FY2022 was boosted by an one-off disposal gain from Electranet).
The main earnings driver was YTL Power, though the hotel division also booked in huge improvements in profit before tax to RM58 million in Q3 FY2023 from a loss of RM32 million in Q3 FY2022. The cement division was a little below expectation due to higher than expected costs locked in for the quarter.
Furthermore, we can still expect higher quarterly profits going forward as Wessex Waters adjusts up its water tariffs from 1st April 2023, even higher earnings contribution from PowerSeraya due to heat wave and tight electricity supply, higher cement division contribution after costs drop off, higher hotels and shopping malls earnings contribution from higher tourism activities, and prospects of HSR.
Only 7 days of 100 mil + trading vol has been registered in YTL's 36 yr trading history: one in 2012, one in 2018, three in 2020 & so far, two in 2023 =)
I myself bought 1k @ 1.60(!) in late '15 just to get AGM door gift...would have been a very EXPENSIVE door gift if I hadn't bought more @ 93c in '19, 64c in '21 & 58c avg last yr(the largest batch) making my avg 79.94c
These few days it was quite a pleasant surprise to find that there were huge volume of transactions in those mega billions issued capital counters and YTL is one of them. This phenomenon looks like there are some massive inflow of foreign funds into Malaysia with a cleaner and more efficient government in power.
Hopefully the foreign funds are here to stay for quite some times to help lift the market sentiments and improve the economy especially the share market.
Let's give a warm welcome to the foreign funds which are the more the merrier.
Let's look forward to better coming weeks especially YTL recently released an impressive and strong sets of financial results for the quarter ended 31-03-2023
May we wish that YTL group of companies perform even better in coming quarters and beyond.
As someone already pointed out, main obstacle to either YTL or Power rising fast to fairer levels is the sheer no. of outstanding scrip...so this stock not suitable for kancheong spiders.
Please bear in mind that at 27-05-2023 the exchange rate :
1 US Dollar= RM4.60 1 RM=US Dollar 0.22
1 SG Dollar=RM3.40 1 RM= SG Dollar 0.29
For the US funds, one lot (1000 units) of listed share assuming at RM1.00 per share would only cost them around RM220.00 before commissions and other charges.
So do you think they would simply sell ?
They would likely to look for "double" gains or win win situations: surge in stock prices and appreciation in Ringgit value over times
That's why a cleaner and more efficient Malaysian government in power like now is of utmost importance.
Foreign funds are selling most days as per bursa stats.However with qr as great as just announced by ytl highly likely they are buyers in ytl n its listed sub cos
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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....
xcu843
1,030 posts
Posted by xcu843 > 2023-05-25 21:02 | Report Abuse
waiting to bull run tomorrow