i believe the foreign funds play a minor role in the current lacklustre price seen in both ytl and ytlp, I think its just lack of news on contract signings, as well as lack of coverage from IBs, also lack of HSR update while its long overdue.... for example comparing to Suncon, Gamuda.... of which every week there are some highlights, also I can see ytl/ytlp are not the type to hype up news here and there.... they would rather have the quarterly numbers do the job. As for the USEP price update.... i see a 47% rise (as calculated by Sing Energy Market Update) in average price in Apr-Jun as compared to Jan-Mar, and this will surely reflect in higher power seraya earnings, which is the core earnings of ytlp ..... therefore nothing to worry for now :-) happy hunting
The KL-Singapore HSR project will be highly positive to YTL group.
WHoever wins the HSR construction work contracts will need to procure lots of concrete and cement, and with MCement being the largest cement producer in Malaysia, YTL will definitely benefit.
The article says YTL is one of the 3 consortium shortlisted for the HSR job. I see YTL as one of the frontrunner as it has the expertise and financial muscle to take up and complete the massive construction work on time, based on its track record.
HSR will definitely revive with the strong will & backing of our Agong/Johor Sultan. That is 99.9% for sure. Can you imagine the most 2 advance country in SEA without HSR? Laos, Thailand, Indonesia will be laughing at us.
Pmx is a very week leader. He kow tow to Sarawak, Sabah, Johor state govt and also umno. But strange he is very vocal against Dap which is his strongest ally in govt. That why speakup no longer support Pmx
There seems to be rotational plays in blue chip counters by foreign funds.
Having bought Gamuda and IJM in a big way in June 2024, foreign funds started selling Gamuda by dumping RM16 million worth of Gamuda shares last Friday and RM50 million worth of Gamuda shares last Thursday.
Foreign funds bought in a total of RM16 million worth of YTL Power shares and RM13 millon worth of YTL shares last Friday.
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....
facsc118
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Digital bank from YTLP coming soon. Launching in Q4