Posted by raymondroy > 1 week ago | Report Abuse

hmmm..... which is better to add ytl or ytlp ??
One is diversified and the other is NOT....
one is trading at T4Q PER of 19.92x while the other at 12.26x.....
one has construction upside (HSR) while the other has DC/utility upside
anything else???

Posted by cwc1981 > 1 week ago | Report Abuse

Mcement new high. Others YTLs will follow very soon

Posted by EquityJourneyman > 1 week ago | Report Abuse

YTL moves stronger than YTL Power today 😁

Posted by Agjl > 1 week ago | Report Abuse

Ray…add both. Settled!

Posted by PalaniR > 1 week ago | Report Abuse

It will move up even higher when the HSR project resumes

Posted by raymondroy > 1 week ago | Report Abuse

Agjl ..... hahaha next i will ask at what ratio 50:50 :-)

Posted by Agjl > 1 week ago | Report Abuse

Ray…100:100. Hahahah

Posted by Agjl > 1 week ago | Report Abuse

Mcement placement must have been successfully done.. this price started moving upwards.

Posted by KLV868 > 1 week ago | Report Abuse

Good day to all YTL believers .

Posted by dragon328 > 1 week ago | Report Abuse

@Agji, yes the placement of MCement shares by YTL has been completed at a price close to RM5.00. YTL should be able to recognise a disposal gain in the upcoming Q4 FY2024.

Posted by cwc1981 > 1 week ago | Report Abuse

Mmm any reason why both ytls so lacking behind and quiet?

Posted by redhotpepper > 1 week ago | Report Abuse

It's going north now, any occasion in this month for YTL?

Posted by dragon328 > 1 week ago | Report Abuse

Foreign funds are buying MCement. Analysts are getting more upbeat with Wessex Waters turning around soon and YTL Power prospects. Visa-free tourists pouring into Malaysia will help to spur ahead YTL's hotel and shopping mall businesses in Malaysia and Singapore.

All are positive factors that push up YTL share.

Not to mention is the impending revival of KL_Singapore HSR.

Posted by teochaimou > 1 week ago | Report Abuse

https://news.seehua.com/post/1184175?fbclid=IwZXh0bgNhZW0CMTEAAR3z6gcZh71goMTFQP0tdCIQTPu8nepSLnXW_euIpy4Sr8T-WrUylr3AYlI_aem_qEMk5MK2d5V3ljlDc6j0Zg

Posted by redhotpepper > 1 week ago | Report Abuse

Thanks for the info, @dragon328

Posted by cwc1981 > 1 week ago | Report Abuse

Wow HSR

Posted by Leward88 > 1 week ago | Report Abuse

Got high hope to restart HSR 😄

Posted by OnTime > 1 week ago | Report Abuse

a very long term project, however. still good to get it though.

Posted by cwc1981 > 1 week ago | Report Abuse

Yup since ytl corp is into construction material supply. So provide good earnings

Posted by cktay > 1 week ago | Report Abuse

Did you all miss this article?
https://theedgemalaysia.com/node/717736
CCCC to share ECRL's operational risks with MRL
The main contractor of the East Coast Rail Link (ECRL), China Communications Construction Company Ltd (CCCC), is going to bear the operational risks of the rail together with its asset owner, Malaysia Rail Link Sdn Bhd (MRL).
MRL and CCCC will each bear 50% of the risk in this joint venture company or operating company (OpCo) if the rail operates at a loss. If the operation proves profitable, MRL will receive 80% of the earnings while CCCC will get the remaining 20%.
If they can do it with ECRL, there is no reason why they cannot do it with the HSR.
Probably they are still ironing out the deal.
Hope they will announce something soonest. Taking too long already!

Posted by EquityJourneyman > 1 week ago | Report Abuse

Besides HSR, YTL will handle ECRL project as well ?

Posted by redhotpepper > 1 week ago | Report Abuse

Shortlived again. Moving down under again.

Posted by cwc1981 > 1 week ago | Report Abuse

What happened? Bankrupt?

Posted by dragon328 > 1 week ago | Report Abuse

YTL is being dragged down by YTL Power which is under selling pressure after Ofwat, the water sector regulator in the UK yesterday announced a draft determination which will give lower rate of returns to the water companies for the next 5 regulatory years from 2026-2030.

The rate of returns was set at 3.72% in this second draft determination, a rise from the earlier 3.1% in the first draft determination in November 2023. Hopefully they will further raise it to above 4.0% in the final determination in December 2024.

Posted by iTelex5 > 1 week ago | Report Abuse

wei, AJInomoto is only 60.8M shares. You don't want to buy?

Posted by Henryjohny > 1 week ago | Report Abuse

game over

Posted by cwc1981 > 1 week ago | Report Abuse

Thanks dragon328

Posted by cwc1981 > 1 week ago | Report Abuse

Just a minor setback. This usually happen when you are in regulated business

Posted by cwc1981 > 1 week ago | Report Abuse

Anyhow they can't forever put business in an unfavorable situation. Who want to forever run a lost making business?

Posted by dragon328 > 1 week ago | Report Abuse

@cwc1982, correct, who wants to forever run a loss making business.

Ofwat will learn the lesson when it puts another water company into bankruptcy after Thames Water. I suspect the draft determination was somewhat affected by some political factors as UK just had its general election weeks ago, and the draft determination was delayed by one month because of the election.

From now till the final determination in Dec 2024, there is time for water companies and their financers to work on Ofwat to ask for higher water tariffs. The current allowed rate of returns cannot sustain the ongoing business of most of the water companies in the UK. For now, it is just a temporary setback.

Posted by cwc1981 > 1 week ago | Report Abuse

Thanks dragon328. Seems like politicians is the same regardless where they are. Hahaha

Posted by cwc1981 > 1 week ago | Report Abuse

As YTL is closing it chapter for FY24, wondering what will be the earnings like and will Francis Yeoh fulfill his promise of 9.5 cents dividend?

Posted by cwc1981 > 1 week ago | Report Abuse

all ytl's peers marching up and surpassing but ytl sliding down.haizz

Posted by dragon328 > 1 week ago | Report Abuse

The earnings of YTL for Q4 FY2024 should be good, but I am not sure if it will declare a final dividend of 9.5 sen as indicated by Tan Sri Francis last year. I hope it will.

Even if it declares a lower dividend than 9.5 sen, I won't bother much and will hold onto YTL shares as I know the company preserving cash is for future projects. A lower dividend may mean a big project coming its way to YTL soon.

Posted by cwc1981 > 1 week ago | Report Abuse

Hi @dragon328. Yes is undeniable ytls has great prospect but is seems investor is not taking this into consideration looking at the share price movement since the 3rd quarter result in end of May

Posted by dragon328 > 1 week ago | Report Abuse

Most of the investors are short term in nature, even many foreign funds are just hot money coming in and out within 6 months. No doubt YTL announced a weak set of results for Q3 FY2024, it was mainly due to lower earnings contribution from YTL Power / PowerSeraya.

As PowerSeraya is rebounding well from the temporary slump in Jan-Feb 2024, YTL Power will announce a stronger set of earnings in the upcoming Q4 FY2024, which will benefit YTL.

YTL will continue to benefit from strong earnings of MCement in coming quarters due to elevated cement selling price and impending HSR revival prospects.

Furthermore, the influx of foreign tourists into Malaysia due to visa-free travelling from China and India will benefit YTL's hotels and shopping malls in Malaysia and Singapore.

YTL share price dropped to a low of RM3.30 after Q3 result announcement in end May, but has since quickly rebounded to above RM3.70 last week. That shows it has good support from longer term investment funds and investors when short term traders and funds took profit. We cannot judge a stock performance merely from few weeks of stock price movements. As long as fundamentals remain attractive, this stock is a long term Buy.

Posted by dragon328 > 1 week ago | Report Abuse

As mentioned before, the sell down of YTL shares in past 2 days was triggered by the draft determination by Ofwat for Wessex Waters' next 5 year business plan, which in turn caused a selldown in YTL Power shares.

As it is just another draft determination of Ofwat, it does not have any immediate impact on Wessex's operations. I am confident that Wessex management will work hard to engage Ofwat in the next few weeks to deliberate on the merits of its submitted business plan and justify for a higher rate of return on capital. I think the final determination in Dec 2024 will typically improve from the drafts.

Hence, I find the selldown in YTL Power and YTL shares in these 2 days is unfounded and unnecessary. I see the current weakness in YTL share price as a good opportunity to accumulate more for long term investment holds.

Posted by cwc1981 > 1 week ago | Report Abuse

Yes @dragon328 hopefully ytl able to close with a good result similarly like the Feb result. If not the price will be under pressure

Posted by stncws > 1 week ago | Report Abuse

zzzzzzz

Posted by PalaniR > 6 days ago | Report Abuse

Good for YTL's employees. Get the share at super cheap price
https://klse.i3investor.com/web/mktbzz/additional-detail/37832_175844435

Posted by redhotpepper > 6 days ago | Report Abuse

Under pressure and down south. Best time to accumulate?

Posted by cwc1981 > 6 days ago | Report Abuse

No idea mate. Looking at the trend tomorrow maybe lower

Posted by 100Mark > 6 days ago | Report Abuse

Then use DCA method on YTL

Posted by redhotpepper > 5 days ago | Report Abuse

Today cheap sale again, accumulate I guess??

Posted by cwc1981 > 5 days ago | Report Abuse

IJM already surpassed you Mr Yeoh

Posted by dragon328 > 5 days ago | Report Abuse

Foreign funds started selling IJM yesterday in a big way after buying in past few weeks when local analysts also helped to come out with good reports on construction stocks like IJM and Gamuda. To me, these pure construction stocks are getting over-valued now with PER of over 20x, but local analysts are upgrading them to 25x prospective PER.

Stock valuation in the long run will eventually fall back to earnings and fundamentals. YTL is a lot cheaper at less than 15x PER with improving earnings prospects from YTL Power (Wessex turning around, PowerSeraya's continued strong earnings, AI data centre starts contributing next year etc.), MCement (strong earnings to sustain from mega construction work like Penang LRT, KL-Singapore HSR, data centres construction work etc.) and hotels business (from influx of foreign tourists to Malaysia and Singapore on visa-free travelling from China and India, strong surges in tourists to Japan due to weak yen etc.).

Posted by cwc1981 > 5 days ago | Report Abuse

Thanks dragon 328. But what is your opinion that both ytls remain depressed and people keep selling lower?

Posted by OnTime > 5 days ago | Report Abuse

the magnanimous stock god depresses the price to allow others to get in?

Posted by dragon328 > 5 days ago | Report Abuse

@cwc1981, YTL and YTL Power share price is down temporarily due to some foreign funds selling. These foreign funds tend to be hot money which comes in and out within 6-9 months typically.

Foreign funds started buying YTL and YTL Power in a big way in Dec 2023 up until early May 2024. After YTL Power announced a weak set of quarterly result for March 2024 in late May, these "hot money" found the excuse to take profit on YTL and YTL Power which both have given them 100% gain in 6 months. To these "hot money", a 100% gain in 6 months is good enough coz they bought in big quantities. They bought in total some RM950 million in YTL Power shares and RM850 million worth of YTL shares from Dec 23 to May 24, so a 100% gain will have given them good profit of RM400-500 million each from YTL and YTL Power.

It is no surprise for these "hot money" to take profit and exit the stocks, but the good thing is that most of the selling pressure from these hot money funds has been well adsorbed by local institutional funds as well as local retailers in past few weeks, hence the share price is only down like 10% from their peak prices.

The reason why local institutional funds are coming in to buy YTL and YTL Power is that they are finally convinced that the earnings outlook for both companies is so bright that they cannot simply ignore, as both stocks have become stocks with almost the largest market cap in Bursa, with YTL Power in top 10 list.

Local funds like EPF cannot ignore the fact that YTL and YTL Power have become the leader in respective areas of expertise, i.e. YTL Power is the pioneer in data centre and AI data centre in collaboration with Nvidia, one of the largest companies in the world, and is the owner of the 2nd largest power company in Singapore and owner of Wessex Waters, one of the 10 water companies in the UK; while YTL owns a majority stake in YTL Power and MCement, the largest cement player in Malaysia, and the owner of Niseko village, the largest land owner and ski resorts owner in Hokkaido Japan, and the three renowned Marriotte Hotels in Australia.

These local funds know that by buying YTL and YTL Power, they will have good and direct exposure to the booming AI and data centres in Malaysia, benefits of the strength in Singapore dollars, the turn around of Wessex and exposure to the UK utility and property sectors, the booming tourism sector in Australia and Japan.

Posted by cwc1981 > 5 days ago | Report Abuse

Thanks dragon328. Hope YTL able to catch up with others soon