Posted by Jerichomy > 2023-11-27 20:01 |

Post removed.Why?

Posted by Jerichomy > 2023-11-27 20:05 |

Post removed.Why?

Posted by MrFox > 2023-11-28 09:07 | Report Abuse

Jeri@@@
kongrats! when YTLPower is greenish, ur face also the same!!

haha

Posted by harvest6138 > 2023-11-28 09:22 | Report Abuse

YTLP share price should be able to advanced further once their new business plans revealed to public , up to now , they never mention why they invested in Ranhill , and Data Center will become new income stream as well .. the revenue growth path is clear and they should deserve higher PE and share price beyond RM 4 ...

Posted by MrFox > 2023-11-28 09:33 | Report Abuse

....... and share price beyond RM 4 ...
wow! then Jeri face will be dark green!!! kongrats
haha

Posted by harvest6138 > 2023-11-28 09:45 | Report Abuse

If company can maintain the EPS more than 10sens , which is possible as the power division is doing well ..why not RM 4 (PE 10x ) ..

Posted by Bernard85 > 2023-11-28 11:11 | Report Abuse

because need more local/foreign funds to pump in in order to reach Rm4

Posted by Plantermen > 2023-11-28 11:16 | Report Abuse

YTLP meeting is schedule on 5 Dec next week. If FTSE/KLCI 30 new list is announced . Expect more upward momentum. Plus you cannot ruled out a special additional dividend announcement.
This year the interim dividend pay out is at 3.5 sen. Following YTLP sterling performance always a possibility. Just my own 2 sen view

Posted by harvest6138 > 2023-11-28 11:31 | Report Abuse

I remembered one of the agenda of AGM is to seek approval for the share buy back .. just not sure what is the company plan after the approval , the best is to buy the share and distribute back to shareholder as bonus share , ha...

Posted by mikekim > 2023-11-28 11:41 | Report Abuse

interesting study on the positive effect of index inclusion on share price, and price movements start before announcement.

https://www.nasdaqbaltic.com/files/riga/Studiju_darbi/Bankovica-Pranevics_bak.pdf

The results show that significant abnormal returns are present on the announcement
day, and investments in these stocks would earn on average 5.1% over the subsequent
month....In addition, our results show that in both cases volatility starts to
increase a few days before the respective event.

Posted by HumptyDumpty > 2023-11-28 15:21 | Report Abuse

Just an observation RHBBank also trend down after announcing record earning.

Posted by MrFox > 2023-11-28 15:29 | Report Abuse

meaning to say YTLPower is not HumptyDumpty??
haha

Posted by MrFox > 2023-11-28 16:05 | Report Abuse

the stock is greenish now!!! Jeri face also greenish!
kongrats Jeri!!!

Posted by beginner888 > 2023-11-28 16:08 | Report Abuse

@HumptyDumpty RHB's Net Profit YoY dropped 7% & QoQ dropped 20%

Posted by hoplanner > 2023-11-28 16:21 | Report Abuse

Shamoun .... what talking you .... ???

Posted by Apple888 > 2023-11-29 08:28 | Report Abuse

Today get dividend!

Posted by Jonathan Keung > 2023-11-29 08:28 | Report Abuse

Weekly chart showed a distinctive consolidation pattern. Need a clear price breakout above 2.41 the previous price resistance

Posted by dragon328 > 2023-11-29 09:22 | Report Abuse

Based on results announced last night from the other 2 utilities companies, I take a simple comparison of their market cap with YTL Power:

Petronas Chemicals - Q3 net profit RM424m, CIMB projects full year NPAT at RM2.2b
Press Metal - Q3 FY2023 net profit RM308, Hong Leong projects full FY2023 net at RM1.2b

PetChem PMetal YTLPower
FY2023 net profit RM2.2b RM1.2b RM3.4b (FY2024 June)
Market cap RM56.6b RM39.9b RM18.8b
PER 25.7x 33.2x 5.5x

Even if I take YTLP actual FY2023 net profit of RM2.0b, I will get a PER of just 9.4x. This shows that the market has significantly mispriced the share of YTLPower.

Both the earnings of Petronas Chemicals and Press Metal are more volatile than YTLPower's as the former depends very much on international crude oil prices and the spreads, while the latter depends solely on international aluminium prices. PetChem net profit is projected by CIMB to drop from RM6.5b in FY2022 to RM2.2b in FY2023, or a drop of 66%, while PMetal net profit is projected by Hong Leong to drop from RM1.42b in FY2022 to RM1.22b in FY2023 or a drop of 14%.

It is totally unjustified for analysts to give a PER of over 20x to PetChem and PMetal while giving a PER of below 6x for YTLPower.

Posted by MrFox > 2023-11-29 09:29 | Report Abuse

which means......downside risk is very minimal if u stay investrd! which further means TIME TO BUY!!!
believe lah the words of wisdom if u want to wwss!!
haha

Posted by MrFox > 2023-11-29 09:33 | Report Abuse

whatever lah! buying/selling is up to u!!!
haha

Posted by cgtan2020 > 2023-11-29 09:34 | Report Abuse

@dragon328 PCHEM and PMETAL is under utilities sector?

Posted by jenson68 > 2023-11-29 09:37 | Report Abuse

Break 2.40 resistance?! Hehe

Posted by MrFox > 2023-11-29 09:39 | Report Abuse

Am a long distance traveler on this road…so whatever happens now n then does not bother me! Am just looking for side dishes now!!!

Posted by dick20 > 2023-11-29 09:39 | Report Abuse

Thanks dragon328 for your analysis.

It is totally unjustified for analysts to give a PER of over 20x to PetChem and PMetal while giving a PER of below 6x for YTLPower.

Posted by harvest6138 > 2023-11-29 09:40 | Report Abuse

YTLP is definitely undervalue , if they are listed in US , the share price should have appreciated at least 200% now, suggest management to list their valuable assets to unlock the intrinsic value and give good return to the shareholder ..

Posted by dick20 > 2023-11-29 09:41 | Report Abuse

But early signs of repricing now 2.36/2.37

Posted by xiaochen > 2023-11-29 09:44 | Report Abuse

yeah, celebrate with abundant dividend...cheers

Posted by MrFox > 2023-11-29 09:45 | Report Abuse

one way of pushing up the price is better dividends payout!

Posted by harvest6138 > 2023-11-29 09:51 | Report Abuse

In Bursa , the key factor to push the share up is ... Rumors and NEWS , ha...

Posted by MrFox > 2023-11-29 09:54 | Report Abuse

we want fundamentals to push up! we r long distance travellers! without fundamentals the push up cant be sustained!

Posted by OTB > 2023-11-29 09:59 | Report Abuse

Our KLSE has not performing well over the last 30 years.
I still remembered FBMKLCI was at a record high at 1,332 in January 1994, the FBMKLCI increased only 100 points until 2023.

JSX or Indonesian stock market has increased 650% in the last 30 years.
Really very disappointed with KLSE, the worst stock market in the world.

There are many stocks are undervalued in KLSE, YTLPower is one of them.
If YTLPower is traded in NYSE, the fair share price now is 4.00.

I do not give up hope so easily, patient to wait, as long as next few quarter results are good, looking forward to see the share price of YTLPower moving up north to 4.00 in 2024 and later to 5.00 in 2025.

I always remember the below 2 slogans by heart.
"We don't have to be smarter than the rest, we have to be more disciplined than the rest" - Warren Buffett
"The big money is not in the buying and the selling, but in the waiting." - Charlie Munger
Thank you.

Posted by xiaochen > 2023-11-29 10:04 | Report Abuse

Im desperately wishing that, the dividend 3.5-4 cents is paid as dividend every quarter.
Hom mali mali hom.

Posted by MrFox > 2023-11-29 10:06 | Report Abuse

While waiting for my fair lady, i am also looking put for side dishes!!!! Any1 can suggest ? tks

Posted by dragon328 > 2023-11-29 10:06 | Report Abuse

@cgtan2020, whether or not PetChem and PMetal are classified as utilities stock, it does not matter lah. Would you invest in a stock purely based on which category it is in?

If we look at YTLP's closest peers Tenaga and Malakoff, it shows the same conclusion.

Tenaga Q3 net profit at RM856m (not much different from YTLP's RM850m), CIMB projects Tenaga full FY2023 net profit at RM3.2b

Malakoff is loss making, no need to calculate at all

Tenaga market cap is now RM57.8bn, hence PER is at 18.1x. It is still trading at over 3 times the valuation of YTLPower.

CIMB values Tenaga at RM12.00 or RM69 billion, based on DCF valuation. It says Tenaga is cheap trading at EV/EBITDA of 5x. If it uses similar valuation on YTLP, it should value YTLP at over RM3.00 per share.

Sometimes these local research houses have own agenda when giving target prices to certain stocks, especially those who have issued call warrants on the stock.

Posted by probability > 2023-11-29 10:07 | Report Abuse

market has to realize that by end of 2026, its not that the earning contribution from powerseraya will shrink to zero

it has to be significantly profitable as else new players has no incentive for such huge investments..

laying cable from sarawak to singapore is no cheap investment and requires significant depreciation & maintenance cost

Posted by PresidentLOL > 2023-11-29 10:12 | Report Abuse

Like this YTLP will go brrrrrrrr... RM6.6 - 6.9 otw....

Posted by MrFox > 2023-11-29 10:26 | Report Abuse

Like this...we will wwss all the way!!
haha

Posted by feiloh > 2023-11-29 10:29 | Report Abuse

Rm4 is archivable... i wish i could paste the screenshot of the institution holding this share.. and im holding those institution fund/etf as well... they are here in this counter for good reason

Posted by MrFox > 2023-11-29 10:38 | Report Abuse

Aiyah! i say target is > 4.00!!!
Still doubt the words of wisdom!!!???!!
haha

Posted by Plantermen > 2023-11-29 10:55 | Report Abuse

Apart from power generation & water related business. YTL group has embarked on transforming and digitising, establishing and building a data centre{s} powered entirely by solar energy. Which are often overlook by the business community when looking at their core business. It 's a steady source of business income. The world's biggest name e. g. Amazon and Microsoft all have initiated and operate their data centre in Malaysia. YTL centres are located in Sentul and Technology Park, KL and also the Iskander region, Johor. the new JV data centre at Kulai with Sea Ltd marked a new milestone. The first phase is a tier 111 certified facility which recently the MB of Johor officiated the ground breaking ceremony

Posted by dragon328 > 2023-11-29 11:02 | Report Abuse

@probability, correct, many of these local analysts are too pessimistic on YTLP earnings projection beyond FY2024, they are expecting PowerSeraya earnings to drop by half or more from FY2023 levels which is ridiculous. I guess this is the only way for them to justify a low valuation for YTL Power. As comparison, these analysts project that international prices will jump up by more than 10% in 2024 to justify a 20% increase in earnings for Press Metal, which itself is hard to justify, given that they already got it wrong with aluminium prices and PMEtal earnings for 2023.

For a non-biased view on YTL Power, I suggest you read the research report from Hong Leong who has not issued any call warrant on YTLP and who has reported fairly the outlook of YTLP over next 3 years based on management feedback.

Another one is Yahoo Finance who has also not issued any call warrant on YTLP. Yahoo has given a non-biased and fair projection of YTLP cashflows in next few years and hence a fair DCF value of YTLP.

Posted by probability > 2023-11-29 11:07 | Report Abuse

@dragon328, thanks for enlightening..looks like the call warrants is the cause of their low TP

Posted by OTB > 2023-11-29 11:10 | Report Abuse

Target price of YTLPower set by Investment Banks.
Yahoo Finance = 4.69
HLB = 3.90
MIDF = 2.99
Kenanga = 2.82
RHB = 2.72
AMI & Affin = 2.70
TA = 2.60

Analyst report from Yahoo Finance
Please read the link below.
https://finance.yahoo.com/news/opportunity-ytl-power-international-berhads-022543455.html

Analyst report from HLB
FY2024f - PAT = 3.194 billion
FY2025f - PAT = 3.653 billion
FY2026f - PAT = 3.746 billion
Note :
Looking at the projections for FY2024 to FY2026, I believe HLI's report is more accurate than other IBs in Malaysia.
Thank you.

Posted by cgtan2020 > 2023-11-29 11:11 | Report Abuse

@dragon328 agree with you on comparing TNB and Malakoff which is more sectorial comparison then general comparison. I think a better comparison will be among the FBMKLCI counter once it is in the index. No matters how you compare, it is still undervalue. hahaha. Local investment bank make a lot of money on these call warrants to cater for "certain needs". Based on Yahoo finance DCF model, YTLP should be at what fair price?

Posted by cgtan2020 > 2023-11-29 11:13 | Report Abuse

@OTB https://finance.yahoo.com/news/opportunity-ytl-power-international-berhads-022543455.html this is from simply-wallstreet.

Posted by OTB > 2023-11-29 11:23 | Report Abuse

Thank you cgtan2020.

Posted by moncmondo87 > 2023-11-29 11:34 | Report Abuse

dragon328, I agree; YTLPI fundamentals speak loudly. Analysts with one or two exceptions are stalling ..

Posted by dragon328 > 2023-11-29 11:41 | Report Abuse

These local banks who have issued call warrants on YTLP but have not fully hedged their positions will suffer badly. Too much gaming will hurt them more, compared to just doing a fully hedged call warrant issuance and earning the upfront 10%-20% premium on issue price

Posted by dragon328 > 2023-11-29 11:44 | Report Abuse

Another possible reason for some of these local research houses to give a low target price for YTLP is that their investment bank arm may have managed some funds for EPF and sold off half of EPF's holdings on YTL Power. They cannot simply now value YTLP at a target price substantially higher than the price at which they sold EPF holdings on YTLP.

Posted by xiaochen > 2023-11-29 11:53 | Report Abuse

There are 2 put warrants issued for YTLP.
For those who shout gap down loudly, please prove your gut by buying these put warrants.
These two put warrants are lack of customers, please go and support them.