Posted by wallstreetrookieNEW > 2023-03-09 12:18 | Report Abuse

Based on LinkedIN, I can see that YTL Power is expanding their sales/business development team. I am not so familiar with the other projects.

Calvintaneng also kept asking people to buy this company a few months ago.

Posted by wallstreetrookieNEW > 2023-03-09 12:19 | Report Abuse

Finally, Calvintaneng got one stock right

Posted by Learner One > 2023-03-09 12:24 | Report Abuse

Epf selling

Posted by cruger12345 > 2023-03-09 14:02 | Report Abuse

EPF is buying lah … check the bursa announcement don’t just simply cakap kosong

Posted by ahbah > 2023-03-09 14:41 | Report Abuse

Solid uptrend now ? Can masuk ?

Posted by ahbah > 2023-03-09 14:47 | Report Abuse

Just share here, please. Thanks.

Posted by ahbah > 2023-03-09 14:51 | Report Abuse

Thursday, 9 Mar 2023

1:10PM YTLPOWR EMPLOYEES PROVIDENT FUND BOARD (1,000,000 units Acquired)


Monday, 6 Mar 2023

1:38PM YTLPOWR EMPLOYEES PROVIDENT FUND BOARD (1,440,500 units Acquired)

Posted by ahbah > 2023-03-09 14:52 | Report Abuse

Above korrect ah ?

EPF bought , NOT sell ?

Posted by cruger12345 > 2023-03-09 15:00 | Report Abuse

ahbah ... check here or you can just scroll up t the top of the page https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3335389

Posted by ahbah > 2023-03-09 15:02 | Report Abuse

Thanks.
Acquired lah.

Posted by ahbah > 2023-03-09 15:05 | Report Abuse

Learner One is still learning lah. U no post wrong info here, please. Thanks.

Posted by dragon328 > 2023-03-09 15:29 | Report Abuse

https://www.theedgemarkets.com/node/658434

Good news for YTLPower. This will pave the way for export of power to Singapore

Posted by dragon328 > 2023-03-09 15:30 | Report Abuse

Insiders who knew about this policy change already scooped up YTL shares in the morning

Posted by dragon328 > 2023-03-09 15:31 | Report Abuse

But it is still not too late now at 0.865 if one has a long term view, as we expect it to gradually be re-rated to RM1.50 or above by year end.

Posted by hng33 > 2023-03-09 15:38 | Report Abuse

YTLP is largest independent solar power with capacity 500MW to be develop in few phase with first phase 75MW ready by Q1 2024. If gov allow export green energy, YTLP will play key role due to act as exporter from Msia and import taker through Seraya.

Posted by dragon328 > 2023-03-09 15:41 | Report Abuse

That's right. PowerSeraya has the first mover advantage of importing power into Singapore as it is already doing 100MW import now.

Posted by dragon328 > 2023-03-09 15:45 | Report Abuse

What I understand is that the Kulai land is entirely earmarked for green data centre parks with a total capacity of 500MW, so YTLP will have to look for other land for solar power farm for export to Singapore. And the proposed TPA as in the news articles above will allow power generators to supply power from anywhere in Malaysia and access the national grid for eventual export to Singapore. This means that the potential landbank for solar farm will not be limited to Johor only, and can be in other states north like Perak and Kedah where land is cheaper and sunlight intensity is greater.

Posted by dragon328 > 2023-03-09 15:49 | Report Abuse

As I first pointed out in my article in April 2022, export of power to Singapore is a potentially huge opportunity for YTLP, aside from the green data centre park. I am glad that the jigsaw puzzles are gradually falling into place one by one, first got the digital bank license, then secured green data centre jobs of 248MW, then Jordan power plant to start commercial operations in this quarter, Wessex water tariff to get adjusted upwards from 1st April and now government policy to fall into place to facilitate power export to Singapore.

Posted by MichelleNg > 2023-03-09 15:49 | Report Abuse

Wah...moving up so fast? But mother still sleeping

Posted by dragon328 > 2023-03-09 15:53 | Report Abuse

Not to forget about my forecast for strong earnings rebounds from PowerSeraya who has been reporting higher earnings every quarter in past 1 year. I expect this trend to continue for next few years as the power supply market in Singapore is tight with no visible new supply coming on in next 2 years.

Hopefully, electricity generation gross margin will hit previous 2011-2013 high of S$60/MWh to S$80/MWh in coming quarters.

Posted by dragon328 > 2023-03-09 15:55 | Report Abuse

MichelleNg, unfortunately YTL shares are suffering from EPF selling but I can see the selling has slowed to just 1.4 million on 6 Mar from 10m on 28 Feb. Hope that EPF selling will stop soon

Posted by hng33 > 2023-03-09 15:56 | Report Abuse

Agreed. YTLP kulai data center may solely reserve as green data center, power by 500MW solar power. The green data center will have dark fibre connection to Singapore which will entice Singapore business owner to use kulai data center as hub to store and backup all their data and score green certificate as part of their ESG effort to reduce carbon, score carbon credit and improve business rating

Posted by hng33 > 2023-03-09 15:59 | Report Abuse

YTLP 500MW solar power plant is moving up value chain to green data center, maximize solar power profitbility

Posted by xiaochen > 2023-03-09 16:16 | Report Abuse

SINGAPORE: Singapore expects to grant its first conditional approval for proposals to import low-carbon electricity “soon”, said Second Minister for Trade and Industry Tan See Leng on Tuesday (Feb 28).

More than 20 proposals have been received under the Energy Market Authority’s (EMA) requests for proposals issued in 2021 and 2022. These are part of Singapore’s plans to import up to 4 gigawatts of low-carbon electricity by 2035.

https://www.channelnewsasia.com/singapore/singapore-import-low-carbon-electricity-conditional-approval-3311031

Posted by hng33 > 2023-03-09 16:17 | Report Abuse

According YTLP plan, the entire 500MW green data center will be develop at cost RM 15 billion. First phase 75MW worth RM 1.5billion ready by Q1 2024 and remaining phase will be develop over 10 year period. Such huge green data investment RM 15 billion is secure by anchor tenant on long term commercial basis. YTLP current market capitalize only of its entire RM 15 billion green data hub

Posted by xiaochen > 2023-03-09 16:19 | Report Abuse

What a coincidence Malaysia government decide to review the BAN of RE export.

Seems like PowerSeraya will be selected as one of the importer.

Posted by xiaochen > 2023-03-09 16:21 | Report Abuse

If PowerSeraya is selected, cant imagine the profit will gain in future.

Posted by hng33 > 2023-03-09 16:22 | Report Abuse

Power seraya can just act as importer and earning trading profit by sourcing external power supplier like TNB or other solar plant developer since its kulai 500MW only reserve to supply solar for its own green data center

Posted by hng33 > 2023-03-09 16:23 | Report Abuse

Power seraya already selected for maiden 2 year trial to import 100MW from TNB. More to come

Posted by xiaochen > 2023-03-09 16:31 | Report Abuse

3800MW remaining, big cake.

Posted by dragon328 > 2023-03-09 16:39 | Report Abuse

YTLP has the flexibility of sparing part of the Kulai land for power export to Singapore if there is timing urgency. YTLP has secured 248MW of green data centre park jobs so far, and still has half the land for 250MW of solar power for export to Singapore if it needs to comply with requirements from Singapore in near term.

Then YTLP can take its time to look for another piece of cheap land somewhere else.

Posted by dragon328 > 2023-03-09 16:43 | Report Abuse

As it really depends on the client of data centre owners as to where they want to locate the data centre. For instance, the recently announced RM25.5 billion data centre project by Amazon subsidiary in Malaysia may be split into several locations. YTLP may then stand a good chance to secure part of this huge job. RM25.5 billion budget is sufficient for 850MW of green data centres, YTLP still has capacity to take up 250MW in its Kulai land. Or it may use another piece of land in Selangor to bid for more.

Posted by ahbah > 2023-03-09 16:43 | Report Abuse

YTLP ... the mkt darling now bcoss of the above reasons ?

Posted by kentrade888 > 2023-03-09 16:43 | Report Abuse

RAM Ratings revises outlook on YTL Power to stable on improved earnings and credit quality, reaffirms AA1 ratings
Published on 18 Jan 2023.



RAM Ratings has revised YTL Power International Berhad’s (YTLPI or the Group) long-term rating outlook to stable from negative while concurrently reaffirming the AA1 ratings of its RM5 bil Medium-Term Notes Programme (2011/2036) and RM2.5 bil Sukuk Murabahah Facility (2017/2027).

The Group is a diversified conglomerate, operating on two continents and in multiple business lines, with a solid track record in concession businesses. The outlook revision reflects the turnaround of YTLPI’s power generation business in Singapore which led to improved earnings diversity, as well as the better than expected dividend paying capacity of its water and sewerage segment. Its financial metrics outperformed expectations following the successful disposal of YTLPI’s stake in ElectraNet Pty Ltd, which we did not factor in previously. The sale substantially boosted cash reserves and unexpectedly moderated the Group’s debt level. Going forward, YTLPI’s operating cashflow (OCF) to net debt cover is projected to be above 0.40 times, supportive of the AA1 ratings. YTLPI’s company-level OCF to net debt coverage ratio came in at 0.64 times in FY June 2022 (FY June 2021: 0.51 times), exceeding our expectations of 0.14 times.

Figure 1: Pre-tax profit boosted by disposal gain

Note: Figures above the bars indicate the respective years’ pre-tax profit.

The Group’s pre-tax profit more than doubled to RM1.37 bil in FY June 2022, largely anchored by the gain on the disposal of ElectraNet and the stronger earnings of its power generation business in Singapore. Looking ahead, we expect continued improvement in the power generation business (owing to improved efficiency after the integration of its newly acquired Tuaspring plant as well as easing industry reserve margin) and the relatively sustained earnings of its UK water and sewerage segment to support core earnings growth.

The Group’s ability to monetise assets and investments to support post-pandemic earnings recovery supports the benefit given to its robust financial flexibility in our assessment. The divestment of its stake in ElectraNet at a gain of RM1.3 bil in FY June 2022 is testament to management’s investment capabilities and value creation. The disposal allows capital to be redeployed to new businesses/investments and curtail added leverage risk.

The Group’s liquidity profile stayed superior, backed by RM6.83 bil of unencumbered cash reserves as at end-June 2022. The ratings consider the Group’s strong financial flexibility, with a sizeable net realisable asset value (RNAV) of around RM30 bil against company-level debts of RM7.52 bil as at the same date. Potentially weighing on YTLPI’s financial metrics is the sizeable capital outlay for new investments and not accompanied by immediate earnings or a dividend uplift. While this will be revisited as more details become available, the Group’s proven investment capabilities and risk appetite track record are reassuring from a credit perspective.

Posted by hng33 > 2023-03-09 16:44 | Report Abuse

Based on development cost, YTLP is developing first phase 75MW green data center at cost RM 1.5 billion. But, based on LSS4 project owner, most of them develop their 50MW at range RM 150m -RM 200m only. Therefore, it is logical to YTLP green data center have much higher value than just sole solar power farm.

Posted by yiqqre > 2023-03-09 16:46 | Report Abuse

NTA:1.75

Posted by dragon328 > 2023-03-09 16:47 | Report Abuse

hng33, the 1st phase of green data centre job undertaken by YTLP is for 48MW only costing an estimated RM1.4-1.5 billion, for which it has secured funding of about RM1.2 billion.
Taking this number for the entire 500MW park, total capex will come to RM15 billion.
Assuming 80% debt funded, equity requirement will be RM3 billion which YTLP has no issue of funding as it has unencumbered cash of RM6.5 billion.

Posted by dragon328 > 2023-03-09 16:49 | Report Abuse

ya the cost for 50MW solar farm is about RM150 million only, so the RM1.5 billion capex for 48MW green data centre job consists mainly data centre equipment and facilities with solar power only making up 10% of the total costs.

Posted by hng33 > 2023-03-09 16:50 | Report Abuse

dragon, that why is best for YTLP to reserve its 500MW solar capacity solely to power up its Green data center instead of opt to export to Singapore to maximize its landbank in kulai. YTLP can just opt for its seraya unit to source freely from TNB or other solar plant to import to singapore and get long term trading profit.

Posted by dragon328 > 2023-03-09 16:54 | Report Abuse

wow 56 million volumes today, looks like foreign funds buying as most happened in the afternoon session

Posted by dragon328 > 2023-03-09 17:00 | Report Abuse

hng33, agree with your point. It is better for YTLP to reserve the Kulai land for green data centre park as it is lucrative and secured for long term concession revenue streams.

Also your point is valid for Seraya to act as the importer for power producers in Malaysia like TNB and earn a margin. This way YTLP will not need to spend any capex in buying extra land and building solar power farm separately. Power producers like TNB do not have an electricity retail arm in Singapore and it will be hard for them to sell directly to consumers there. They can sell directly into the electricity wholesale market pool but the pool prices are erratic, which will post revenue risks to them. The best way is for them to sell to PowerSeraya who can then on sell to Singapore consumers via its retail arm Seraya Energy.

Posted by hng33 > 2023-03-09 17:04 | Report Abuse

Data centers are typically owned and operated either by big companies (such as cloud vendors, banks, or telcos) for their own purposes or by co-location companies. The latter lease out the space and typically provide network capacity and power, as well as the cooling equipment that keeps down server temperatures. Tenants bring their own IT equipment. Data. Data centers have attracted the interest of investors because of the steady, utility-like cash flows and risk-adjusted yields.

Posted by hng33 > 2023-03-09 17:07 | Report Abuse

Agreed, Power seraya is fully integrated power solution, best partner for TNB, linking it to Singapore power market, earn risk free margin and forex

Posted by myloh123 > 2023-03-09 17:47 | Report Abuse

I wonder where is icon8888...he doesn't write anymore...what a pity...read wizard

Posted by Sslee > 2023-03-09 18:19 | Report Abuse

Welcome back Icon8888.

Posted by Sslee > 2023-03-09 18:41 | Report Abuse

I prefer your style KISS keep it short and simple like tiktok.

Philip and 3iii like long long lecture and I can't resist to pick a bone with them

Posted by Sslee > 2023-03-09 18:50 | Report Abuse

I am waiting for Philip Pchem to report a poor result in the next 2 quarters to see whether can collect cheap cheap.

Posted by Sslee > 2023-03-09 18:53 | Report Abuse

I regret not selling Insas when It went up to RM 1.20. My TP is RM 1.50 so need to wait long long to year 2026 when WC expired and see whether magic happen.

Posted by CharlesT > 2023-03-09 19:06 | Report Abuse

Walau A, Sifu Icon8888 really comes back alive ah?

Posted by CharlesT > 2023-03-09 19:18 | Report Abuse

The last round we engaged in "healthy conversation" was in Jaks during 2020.

There were so many sifus then, DK66, OTB, Probability, Icon8888 etc busy for their profit predictions/calculations 24 hours a day 7 days a week then...

Sadly, the ending is very very ugly....and my smelly mouth again made the right prediction.