Posted by dompeilee > 2023-05-30 07:22 | Report Abuse

It'll be interesting to see how much epf has left in the next AR to be printed in the next 6 months. I'm pretty confident that after the recent rocketing move, they have less than 150 mil. Selling non-stop since 55c... A case study in POOR management of retirement funds!

Posted by cktay > 2023-05-30 08:14 | Report Abuse

Mind boggling! YTL Corp capitalisation at yesterday's price was RM9.92b = USD 2.15b
But Wessex (under YTLPower) alone was worth USD2.3b to Enron in 1998 before Enron collapsed.

Posted by Pinky > 2023-05-30 09:06 | Report Abuse

Wow, pagi2 sudah manyak kuat!

Posted by dompeilee > 2023-05-30 09:16 | Report Abuse

Shortists' MURDERIng in progess? LOL

Posted by chon99 > 2023-05-30 09:19 | Report Abuse

Wah ! This forum is so hot like hot cakes. Hoho !

Yammy Yammy Yammy ! ! !

The best thing would be that more and and foreign funds coming in to Malaysia to share the cakes !

Posted by cwc1981 > 2023-05-30 09:22 | Report Abuse

Yup YtL corp definitely got huge advantages when come to HSR. Becoz they also supplying Electricity to Singapore. Definitely the Singapore government would like YTL Corp in this HSR also

Posted by dompeilee > 2023-05-30 09:25 | Report Abuse

Really seems like there's a chance to hit $1....far far sooner than I originally thought! =)

Posted by soon9913 > 2023-05-30 09:30 | Report Abuse

will hit rm1 by today??!

Posted by dompeilee > 2023-05-30 09:31 | Report Abuse

The buying is really ferocious! How else to move an 11 billion scrip stock?

Posted by soon9913 > 2023-05-30 09:34 | Report Abuse

big fund buying.... it is good counter to park their money also given good biz prospect..

Posted by soon9913 > 2023-05-30 09:34 | Report Abuse

klci everyday also red

Posted by nizam > 2023-05-30 09:35 | Report Abuse

soon9913 your means YTL MINETEC will RM1

Posted by dompeilee > 2023-05-30 09:57 | Report Abuse

Took some profit @ 93.5c...just 3 lots but couldn't resist the temptation....

Posted by soon9913 > 2023-05-30 09:59 | Report Abuse

huge sell!!

Posted by garychee8 > 2023-05-30 10:00 | Report Abuse

I wonder what would be the valuation like if YTL secures the HSR project

Posted by soon9913 > 2023-05-30 10:02 | Report Abuse

rm2

Posted by soon9913 > 2023-05-30 11:50 | Report Abuse

JJPTR, what are u trying to tell uss? keep telling number of track

Posted by abc333 > 2023-05-30 13:45 | Report Abuse

亚太-中国西部大开发促进会会长刘友财透露，在世界500强企业排名第39名的中国铁建国际集团，已准备加大在我国投资，估计总投资额度将超过千亿令吉。
他说，中国海联会属下拥有2600家央企、国企、上市集团，协助中企沿着一带一路的政策，走向世界。

“其中，中国铁建对我国充满信心，并准备加大投资力度，增加在马的投资额，估计投资额度将超越千亿令吉。

Posted by soon9913 > 2023-05-30 16:48 | Report Abuse

the project estimated completion date is Apr 2026, few more years to go. what is your concern? https://www.businesstoday.com.my/2023/03/29/priority-placed-on-jb-singapore-rts-link-gemas-jb-electrified-double-tracking-project-mot-johor-state/

Posted by soon9913 > 2023-05-30 17:03 | Report Abuse

Johor Menteri Besar Datuk Onn Hafiz Ghazi said progress on RTS has now reached 32.78% and is expected to be completed by the end of 2026, while the Gemas-Johor Bahru Electrified Double Tracking project has reached 90.6% and is expected to be completed in April 2026

Posted by soon9913 > 2023-05-30 17:03 | Report Abuse

news published on 29 Mar 23. your news dont know which year one

Posted by soon9913 > 2023-05-30 17:04 | Report Abuse

u memang like confuse ppl la. overthink

Posted by MichelleNg > 2023-05-30 18:05 | Report Abuse

No dividend declared. But you will rewards with rm1 share price soon.

Posted by cwc1981 > 2023-05-30 19:24 | Report Abuse

Yup agreed. YTL Corp still have potential to earn more as Mega projects starting to gain track

Posted by dompeilee > 2023-05-30 19:54 | Report Abuse

dragon328 says it's worth north of $4 & even as high as $6. I'm definitely not holding out for such prices!

Posted by dragon328 > 2023-05-30 20:59 | Report Abuse

My earlier valuation target of RM6.42 per share for YTL was the sum-of-parts valuation in the bluesky case. Compared to the conservative case valuation of RM4.53, the bluesky case anticipated additional RM15.9b valuation from YTLPower and RM5.0b valuation from MCement. And the additional RM15.9b from YTLPower was mainly from Wessex (additional RM18.7b in bluesky case vs RM6.9b in conservative case) and PowerSeraya (RM18.7b in bluesky case vs RM8.6b in conservative case).

Now we can see from the latest YTLP Q3 result, PowerSeraya contributed RM805m PBT or S$236 million annualised to S$947m, which is way way above my most bullish projection of S$312m then for the bluesky case. Deducting taxation of about S$150m and added back with depreciation charge S$75m, free cash flows will amount to S$872m a year. Now SGD has strengthened to RM3.40, so at 7% free cashflow yield, PowerSeraya may now be valued at S$872m / 7% x 3.4 = RM42.3 billion.

Wessex may be valued at 1.3x RAB which is about the average valuation of the three listed water companies in the UK, i.e. RM12.8 billion based on RAB as of 31 Mar 2023. At the end of the 5-year regulatory period, RAB is expected to increase to 3.89b pounds, so at 1.3x RAB, Wessex will be valued at RM15.1 billion by 2025.

As you can see, the additional value attributed to PowerSeraya now has more than enough to give the additional value of RM20.9bn to YTL to justify the bluesky case valuation of RM6.42 per share for YTL.

And this sum-of-parts valuation will only get larger as long term assets like Wessex and Niseko landbank appreciate in value.

Posted by dragon328 > 2023-05-30 21:09 | Report Abuse

Of course this is sum-of-parts valuation which may take time to realise without earnings support. Now YTL has shown the earnings potential to justify it.

Based on latest Q3 result, YTL made a net profit of RM414 million, annualised to an EPS of 15 sen. Attaching a PER of 12x, YTL is easily be worth RM1.80 per share.

As I have calculated in the latest article, YTL may achieve free cashflows of about RM3.0 billion a year or 27 sen per share. Hence, YTL will be able to declare dividends up to 20 sen a share every year while retaining 7 sen or RM770 million to reduce debts. Or YTL may choose to declare 10 sen dividends from next year first and retain 17 sen of RM1.87 billion to pare down debts more quickly, then gradually increasing the dividend payouts to 15 sen then 20 sen in later years.

When it pays out 10 sen dividend, at 6% yield, YTL should be worth RM1.67 per share.
At 15 sen dividends, YTL will be worth RM2.50 per share. At 20 sen dividends, YTL will be worth RM3.33 per share.

So I will target RM1.60 - RM1.80 as my first target price for YTL, based on 12x PER or 6% dividend yield on 10 sen dividend payouts.

Posted by drsoo1 > 2023-05-30 21:25 | Report Abuse

YTL seems to have positions nicely to take advantage of all the future's infrastructure needs

Posted by drsoo1 > 2023-05-30 21:37 | Report Abuse

Singapore would need to double its power supply if it wants to switch to BEV and YTL seem already involved in the supply and installation of the BEV charging points there and Power Seraya supplying the needed power.

Posted by drsoo1 > 2023-05-30 21:46 | Report Abuse

It is not difficult for Singapore to switch to full BEV policy (Zero Emissions) because its power distribution cables are all underground / under the highways / road with pre-constructed tunnels, channels etc...just a matter of adding more cables for the extra power need. So every parking bay in HDB, Condo, hotel, malls etc. can have a charging point.

Posted by drsoo1 > 2023-05-30 21:51 | Report Abuse

If HSR is going to be built, might as well include the fiber optics, new power distribution cables, 5G network towers along the lines.

Posted by dompeilee > 2023-05-31 09:18 | Report Abuse

I don't disagree with dragon328's analysis & possible projections. However, as far as market mechanics is concerned, it takes a humongous amount of foreign funds to move such a stock now that the hapless local funds are so strapped.

Posted by chon99 > 2023-05-31 11:01 | Report Abuse

Good share means good share.!

Got strong supports from Fund Managers and other investors, local or foreign.

They know that they are putting their money in safe hands

Posted by soon9913 > 2023-05-31 11:29 | Report Abuse

if today cannot break 0.95 perhaps have to wait until next week ady

Posted by Pinky > 2023-05-31 11:31 | Report Abuse

With weak MYR, KLSE stocks will be attractive to foreign funds to buy in

When MYR strengthens back, forex gain for them

Posted by dragon328 > 2023-05-31 11:41 | Report Abuse

breaks 0.95!

Posted by dragon328 > 2023-05-31 11:41 | Report Abuse

should be strong buying from foreign funds

Posted by M55555 > 2023-05-31 11:42 | Report Abuse

RM1 coming...

Posted by MichelleNg > 2023-05-31 11:43 | Report Abuse

Congrats all. Are you ready for above rm1???

Posted by dragon328 > 2023-05-31 11:43 | Report Abuse

You cannot rely on local funds who are always laggards in picking good stocks. Just like most local analysts still give low valuation to YTL and YTLPower (both trading at PER of 5x) but continue to give super high valuation of 35x PER to stocks like Press Metal, Petronas Gas or Nestle

Posted by Pinky > 2023-05-31 11:45 | Report Abuse

@dragon328 and super dividend stingy + super high PE stocks like QL...

Posted by dragon328 > 2023-05-31 11:45 | Report Abuse

YTL is a big cap with 11bn shares base, so for a foreign fund to accumulate 5% stake, it needs to buy over 550 million shares from the open market.

Even when YTL daily trading volume has been about 70m to 110m in past few days, I suspect it is still a long way to go before any fund can accumulate 5% and make bursa announcement as a new substantial shareholder

Posted by garychee8 > 2023-05-31 11:46 | Report Abuse

stupendous...will u succumb to the urge of taking profit?????hmmmm

Posted by dragon328 > 2023-05-31 11:47 | Report Abuse

Yes Pinky, QL is another stock with high valuation.

Pls see my comparison of PMetal vs YTLP in the commentary of YTLPower

Posted by dragon328 > 2023-05-31 11:48 | Report Abuse

A simple comparison of Press Metal vs YTL Power:

PMetal YTLPower
No of shares 8.24 bn 8.16 bn
Market cap RM38.8 bn RM10.5 bn
Latest Q net profit RM275 m RM520 m
EPS last Q 3.34 sen 6.37 sen
Annualised EPS 13.4 sen 25.5 sen
PER 35.1x 5.1x

If the market can give a valuation of 35x PER to PMetal which has a commodity-based business, then it is highly possible for the market to eventually give a valuation of 20x PER to YTLPower which has recession-proof utilities business.

YTLPower should gradually trade up to RM5.20 per share at PER of 20x and market cap of RM40 billion to catch up with the current market cap of PMetal

21 minutes ago

Posted by dragon328 > 2023-05-31 11:49 | Report Abuse

PMetal has taken some 20 months to rise 3x from RM2.00 in May 2020 to RM6.00 in Jan 2022 and peak at RM7.00 in Mar 2022.

Expect YTLPower to follow suit to rise 3x from current RM1.30 in May 2022 to RM5.00 level by Mar 2024.

15 minutes ago

Posted by soon9913 > 2023-05-31 11:52 | Report Abuse

0.97

Posted by soon9913 > 2023-05-31 11:53 | Report Abuse

sold!

Posted by dragon328 > 2023-05-31 12:03 | Report Abuse

Haha pang72, I got some at 0.895 this morning. It was such a good chance to add more.

What a waste of a little bit delay and miss the buying of 89.5c...

Rebound immediately to 92.5c...shit

1 hour ago

Posted by garychee8 > 2023-05-31 12:04 | Report Abuse

sold half at 0.96