Posted by Agjl > 1 week ago | Report Abuse

Dragon, i found the article on SWS website. The analyst has lots of guts to make tis call at FV RM20

Posted by dragon328 > 1 week ago | Report Abuse

The fair value of RM20.58 given by SWS is based on the following stream of projected free cashflows:

FY2024 - RM2.88 bn
FY2025 - RM2.05 bn
FY2026 - RM4.71 bn
FY2027 - RM6.57 bn
FY2028 - RM8.03 bn
FY2029 - RM9.36 bn
FY2030 - RM10.55 bn
FY2031 - RM11.60 bn

I would say the projected FCF figures for FY2024 and FY2025 are way below the most conservative projection, the FCF figures should be above RM3.5-4.0 billion each year

The figure of RM4.71bn for FY2026 looks reasonable and should be achievable.

The figure of RM6.57 bn for FY2027 is also within reach given the development in YTLP's AI data centre business.

For the FCF figures of RM8.0 to 10.5 bn in FY2028-2030, YTL Power may achieve these if it can secure customers to take up all the 500MW data centre capacity at Kulai.

Before that, I would take the latest submitted FCF figure of RM6.57bn for FY2027 as the firm data, hence the fair value would be about half at RM10.00.

Posted by dragon328 > 1 week ago | Report Abuse

@Agjl, SWS calculation and fair value are done by AI using data submitted by analysts.

Posted by Agjl > 1 week ago | Report Abuse

Dragon..i see. Thanks

Posted by MrFox > 1 week ago | Report Abuse

Agjl
Dragon…may i know where did u get the write up/report of ytlp fair value of RM20.58? Though i m excited and like to believe but This is mind blogering!? U think is a reliable fair value?? If so many who had sold earlier below RM4 will rush to buy in coming monday….
YTLP is REAL!!!!!!

No matter what naysayers say
Me just ignore them…
As a long distance traveller
Will never be swayed
As the truth is
The REAL is coming!!!!
You dun believe words of wisdom???!!!!
haha

Posted by KingKKK > 1 week ago | Report Abuse

Unveiling YTL's AI Supercomputer (KingKKK): A Catalyst for Malaysian Digital Economy Growth? YTL, YTLPOWR

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-27-story-h-182790407-Unveiling_YTL_s_AI_Supercomputer_A_Catalyst_for_Malaysian_Digital_Econo

Posted by Ravi1969 > 1 week ago | Report Abuse

I have more than tripled my capital last year and now already doubled it so far in line with my 5 year plan to double my capital every year with just YTL and YTlP

Posted by speakup > 1 week ago | Report Abuse

Sai Lang!!!!!

Posted by investor77 > 1 week ago | Report Abuse

Just to enquire - Anyone received from Investment Bank, after Expiry of YTLP, C 38, as it expires early April. Normally Call Warrants are Cash Settled after Expiry. Do the Inv Banks still send statements of their calculations on the Amount for settlement ? Up till now have not received cash settlement. !!!

Posted by CaoCao > 1 week ago | Report Abuse

Maybank market capital 118 billion shameless lair promoter said YTLP could reach RM 20.58 which translate to 168 billion.

Banyak panlai bullshit!!

Posted by Mabel > 1 week ago | Report Abuse

dragon328 https://www.ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92

Both Microsoft and Alphabet are spending big on AI data centre this year and in 2025.
27/04/2024 2:35 PM

Yes dragon328 dear...

*What a difference a week can make*!

After a strong run to start the year, markets have pulled back over the last couple of weeks and many investors are already anticipating the worst.

After posting its worst weekly performance in over a year last Friday, the S&P 500 (SP500) rebounded this week to score its best performance since October 2023. The rise was primarily driven by a surge in technology stocks and other growth sectors, anchored by favorably received quarterly reports from Microsoft (MSFT), and Alphabet (GOOG) (GOOGL). However, aside from earnings, market participants received a bit of a reality check in the form of economic data on GDP and core PCE that pointed to stalling growth and sticky inflation.

All eyes are now on the Federal Reserve's latest meeting on Tuesday and Wednesday. For the week, the S&P 500 (SP500) gained +2.7%, the tech-heavy Nasdaq Composite (COMP:IND) climbed +4.2%, and the blue-chip Dow (DJI) rose +0.7%.

*Rate Cuts are Coming*

The Federal Reserve is very close to changing their policy outlook, shifting from high interest rates and restrictive monetary policy to cutting rates and increasing liquidity. Lower rates will increase lending and spending, and likely power the stock market higher.

While the most recent data has shown a slight uptick in inflation, which has pushed rate cut expectations farther out in the future, they are still very likely cutting this year. Furthermore, there has been limited data showing that inflation is picking up and the disinflationary trend has been persistent over the last year.

So, unless the data shows inflation continuing to rise materially, the rate cut expectations could quickly reverse, and may still arrive within the next few months.

Along with earnings growth, liquidity is the most influential factor moving markets. Increasing liquidity has a strong correlation with higher stock and asset prices.

To Our Success!

Meow

Posted by Mabel > 1 week ago | Report Abuse

As an example in Wall Street, among the tech giants, 16 out of 20 information technology stocks have reported EPS wins this week according to Earnings Scorecards. The key lies in identifying the pull factors; the rest will naturally fall into place...

Data Centre can be our pull factors along with other goodies YTL Power can offer...

To Our Success !

Meow

Posted by Mabel > 1 week ago | Report Abuse

#dragon328 The fair value of RM20.58 given by SWS is based on the following stream of projected free cashflows:

FY2024 - RM2.88 bn
FY2025 - RM2.05 bn
FY2026 - RM4.71 bn
FY2027 - RM6.57 bn
FY2028 - RM8.03 bn
FY2029 - RM9.36 bn
FY2030 - RM10.55 bn
FY2031 - RM11.60 bn

I would say the projected FCF figures for FY2024 and FY2025 are way below the most conservative projection, the FCF figures should be above RM3.5-4.0 billion each year

The figure of RM4.71bn for FY2026 looks reasonable and should be achievable.

The figure of RM6.57 bn for FY2027 is also within reach given the development in YTLP's AI data centre business.

For the FCF figures of RM8.0 to 10.5 bn in FY2028-2030, YTL Power may achieve these if it can secure customers to take up all the 500MW data centre capacity at Kulai.

Before that, I would take the latest submitted FCF figure of RM6.57bn for FY2027 as the firm data, hence the fair value would be about half at RM10.00.
27/04/2024 3:00 PM

https://www.ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92

This is one of the reason why Data Centre is explosive lately.

Both Microsoft and Alphabet are spending big on AI data centre this year and in 2025. Both companies doubles down to meet expected generative AI demand. The report that dragon shared from the Financial Times highlights significant investments by Microsoft and Alphabet (Google) in AI data centers. Here are the key points:

Microsoft’s Capital Expenditure (CapEx): Microsoft’s CapEx surged to $10.7 billion in the past quarter. The company is heavily investing in data centers, compute, and networking. This spending trend is expected to continue throughout fiscal 2024. The acceleration encompasses both physical data centers and computational resources like CPUs and GPUs. The focus is on increasing capacity for normal Azure workloads and AI workloads.

Generative AI and New Workloads: Microsoft views the current wave of generative AI applications as critical. The company aims to meet the growing demand for AI services. The spending is supported by strong revenue growth, with Azure sales up by 27 percent (excluding currency fluctuations). AI contributes to a significant portion of Azure’s growth.

Google’s Investment: Alphabet (Google) is also investing heavily in data centers and AI compute. The tech giants are positioning themselves for the AI-driven future.

Both Microsoft and Alphabet recognize the transformative potential of AI and are committing substantial resources to expand their data center capacities to join the bandwagon with other AI players across the Globe...

Malaysia and Singapore have emerged as a leading destination for data centre investments in the ASEAN region and YTL Power will soon be one of the major player in the region.

To Our Success

Meow

Posted by goldmanbull > 1 week ago | Report Abuse

Come TAS first. Name me a company that has PE of 5 and ROE 25 hehe

Posted by TanDavid88 > 1 week ago | Report Abuse

Posted by Vincent8864 > 26 minutes ago | Report Abuse

It is now very clear who is behind this dispecible aka IDs @ Macai #1.

His real ID is David Tan 88 one of OTB follower.
======================
Felix has been wrong all the time in this forum.
Saying YTLpower will drop below 3.00, it never happen.
She is saying I am macai #1, I really dispute her wrong accusation again.
I behave like a nice person, I will never attack anyone here except to defend my sifu only.
I did not create any new id like Felix which I think it is totally wrong in her action.
Stop your wrong accusation.
I do not waste my time to talk nonsense here.
I interest to make million from YTLpower.

Posted by TanDavid88 > 1 week ago | Report Abuse

Felix,
You deserve to knock down by car by telling lies on me.
No point to argue.
I stop reply.
You are a mad lady here, still feel no shame on you.
I feel shame to read all attack on you.

Posted by OTB > 1 week ago | Report Abuse

Felix,
You are overrate yourself here.
Please stop all nonsense here.
You should feel shameful here to talk all nonsense here.
Show proof that I show shameless tactic here.
I talk with facts and figures, I never attack anyone in this forum.
Any I had written is to show shameless tactic here.
Do not be a liar here.
Be careful on the bad consequence of your lies.

Posted by OTB > 1 week ago | Report Abuse

Read the english, you will know they are two different persons loh unless you are a mad lady.
Simply accuse people with lies.
Shame on you.
I told my students to post with facts and figures, never to attack any person here.
This is my order.

Posted by OTB > 1 week ago | Report Abuse

The worst part is Felix drags my name in this dispute.
I know my students will behave very well in I3.
A sad story here.

Posted by OTB > 1 week ago | Report Abuse

Felix,
You continue to tell your lies here.
I will curse you.
If TanDavid88 is the one, he will knock down by the car.
If he is not, Felix will be knocked down by the car.
Please stop drag my name in this dispute.
I am not interested to know.

Do not overrate yourself, your small word will not cause the share price of YTLPower to crash.
You are just a tiny person here.
The number of share issued of YTLPower is 8 billion.
Do not talk big of yourself loh !!

Posted by OTB > 1 week ago | Report Abuse

To Mr OTB and Mr TanDavid ,,,this SIOW CHAR BOR will ACCUSED anyone ...
I will continue to attack her as the day Ular told me to TANAM her.
Both of you don,t bother.
Felix create new accounts lah
--------------------
Read the english, you should know who is the correct person.
Felix, stop telling your lies here.

Posted by sultan > 1 week ago | Report Abuse

Hmm, target price of 20.58, as projected by AI. Sounds impossible but also sounds possible when considering glove sector.

Posted by MrFox > 1 week ago | Report Abuse

YTLP is REAL!!!!!!!!!!

you still doubt words of wisdom???!!!!!

Posted by MrFox > 1 week ago | Report Abuse

When I said 4.00, people laughed!
When I said 5.50, people laughed!
No matter what TP I say, people will laugh
BUT……… remember
YTLP is REAL!!!

When HE COMES
All eyes shall see

And
ALL PEOPLE will shout
YTLP is REAL!!!!

haha

Posted by MrFox > 1 week ago | Report Abuse

SOON,….
All non believers
Will become BELIEVERS!!!!!!!

You still doubt ‘words of wisdom’???!!!!!


haha

Posted by EngineeringProfit > 1 week ago | Report Abuse

All in agaim, Foxy. Cheers!!

Posted by MrFox > 1 week ago | Report Abuse

All in?????
Wow!!
U sure wwss!!!!! If dun pull out!!
haha

Posted by beinvested > 1 week ago | Report Abuse

Is a gem. Everyone would like to have a piece.

You made profits whether you bought at RM3.60/RM3.70 lately or earlier without any qualm, less we are still quarreling with money.

Posted by Alex Chua > 1 week ago | Report Abuse

Wonder microsoft ceo visit early may got to do with the price hike..

Posted by Skyliew1919 > 1 week ago | Report Abuse

I just wait boss say de dividend

Posted by beinvested > 1 week ago | Report Abuse

The elder brother of Moses is Aaron who is 3 years older. They have a sister called Miriam.

In the journey, after leaving Egypt, inside the community, some of them were friends of Moses but who are not the pure children of Jacob and they have entered infiltrated inside the community when journeying to the Promised Land. These impure fellows gave problem, they wanted a physical item, the golden calf and they influenced Aaron to melt gold and made the golden calf and bowed down to it. So, the Lord was angered and He told Moses in Exodus 32:7, ("...go down, because YOUR PEOPLE whom you brought out of Egypt, have become corrupt.",) about those stiff-necked people.

The calf -

2 Aaron answered them, “Take off the gold earrings that your wives, your sons and your daughters are wearing, and bring them to me.” 3 So all the people took off their earrings and brought them to Aaron. 4 He took what they handed him and made it into an idol cast in the shape of a calf, fashioning it with a tool. Then they said, “These are your gods,[b] Israel, who brought you up out of Egypt.”

5 When Aaron saw this, he built an altar in front of the calf and announced, “Tomorrow there will be a festival to the Lord.” 6 So the next day the people rose early and sacrificed burnt offerings and presented fellowship offerings. Afterward they sat down to eat and drink and got up to indulge in revelry.

7 Then the Lord said to Moses, “Go down, because your people, whom you brought up out of Egypt, have become corrupt. 8 They have been quick to turn away from what I commanded them and have made themselves an idol cast in the shape of a calf.

Posted by TanDavid88 > 1 week ago | Report Abuse

Posted by Vincenzo888 > 2 minutes ago | Report Abuse

Caught the despicable macai #1 !!!!
He forgotten to switch his ID before posting this dirty post!!
======================
Felix,
I am not like you using many ids to confuse readers here.
I am not like you, look so low class to argue with others.
Check with admin who is the real person.

Felix is the shameless liar here.
Telling lie about me without any proof.
I make a curse here.
Please be careful, you will knock down by car for telling lies on me.
You will not do well in your investment by continue to tell lies after lies in this forum.

Never see so mad lady barking like a mad dog everyday.
Let people attack until so bad still never feel shameful.

I will not be so low class to argue with this mad lady and shameless liar here.

Posted by Apple888 > 1 week ago | Report Abuse

Break rm5 today?
Ytl power gogogo

Posted by Apple888 > 1 week ago | Report Abuse

Jan history repeat

Posted by cgtan2020 > 1 week ago | Report Abuse

@Dragon328, thanks for sharing on the valuation. too much spam and hardly can go thru all the spam.... Please stop the spam war!

Posted by dragon328 > 1 week ago | Report Abuse

Hong Leong research data shows that foreign funds bought a total of RM59m worth of YTL shares and RM56m worth of YTL Power shares last Friday.

Local institutions sold a total worth of RM12m worth of YTL Power shares, and retail investors sold RM35m worth of YTL and YTL Power shares.

Again retailers sold their cheap tickets to foreign funds.

Posted by cgtan2020 > 1 week ago | Report Abuse

@dragon328, can sent me the report? Thank you in advance.

Posted by OnTime > 1 week ago | Report Abuse

get ready to rumble!

Posted by OTB > 1 week ago | Report Abuse

I hope the share price of YTLPower will stay above 4.24.
FBMKLCI, FBMEMAS indexes have broken new highs, it confirmed that 2024 is a bull market.
Please note that the share price of Tenaga also broke new high.

The Q3 2024 result will be released in May 2024, I believe Q3 2024 will be very good.
Hopefully, the share price of YTLPower will hit 5.55 after good Q3 2024 result releases.

HLIB will revise up the target price of YTLPower after good Q3 2024 result.
Hopefully, the share price of YTLPower will cross 6.30 after good Q4 2024 result releases in August 2024.
According to Fibonacci projection, the target price will hit 161.8% at 6.80 in August 2024.
I will use this target price as a reference only.

Hopefully my prediction will come through in August 2024.
Good luck.
Thank you.

Posted by KLV868 > 1 week ago | Report Abuse

Good day for all YTL believers .

Posted by cgtan2020 > 1 week ago | Report Abuse

Below are the data sources, inputs and calculation used to determine the intrinsic value for YTL Power International Berhad.

KLSE:YTLPOWR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Up to 2 Analyst Estimates on Average (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.5%
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KLSE:YTLPOWR
Data Point Calculation/ Source Result
Risk-Free Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.5%
Equity Risk Premium S&P Global 6.4%
Integrated Utilities Unlevered Beta ximply all St/ S&P Global 0.33
Re-levered Beta = 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))]
= 0.33 + [(0.66 * 0.333) * (1 + (1 - 24.0%) (88.95%))] 0.704
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm) 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.54% + (0.800 * 6.35%) 8.62%
Discounted Cash Flow Calculation for KLSE:YTLPOWR using 2 Stage Free Cash Flow to Equity

The calculations below outline how an intrinsic value for YTL Power International Berhad is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

KLSE:YTLPOWR DCF 1st Stage: Next 10 years cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 8.62%)
2024 2,876.23 Analyst x3 2,647.97
2025 2,050.4 Analyst x1 1,737.88
2026 4,712.13 Analyst x3 3,676.95
2027 6,566.71 Analyst x1 4,717.46
2028 8,027.99 Est @ 22.25% 5,309.55
2029 9,363.78 Est @ 16.64% 5,701.54
2030 10,553.86 Est @ 12.71% 5,916.2
2031 11,604.87 Est @ 9.96% 5,989.1
2032 12,537.08 Est @ 8.03% 5,956.74
2033 13,375.2 Est @ 6.69% 5,850.63
Present value of next 10 years cash flows MYR47,504.02
KLSE:YTLPOWR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value FCF2033 × (1 + g) ÷ (Discount Rate – g)
= MYR13,375.2 x (1 + 3.54%) ÷ (8.62% - 3.54% ) MYR272,611.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
MYR272,612 ÷ (1 + 8.62%)10 MYR119,246.8
KLSE:YTLPOWR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR47,504 + MYR119,247 MYR166,750.83
Equity Value per Share
(MYR) = Total value / Shares Outstanding
= MYR166,751 / 8,103 MYR20.58
KLSE:YTLPOWR Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR20.58
Current discount Discount to share price of MYR4.42
= (MYR20.58 - MYR4.42) / MYR20.58 78.5%

Posted by ValueInvestor888 > 1 week ago | Report Abuse

I have been calling buy when adjustment to RM 3.6 few weeks ago as power stocks will be beneficial of AI power demand surve. I think foreign funds also see this. YTLP has power and data centre, one of best stocks to bet currently.

https://www.bloomberg.com/news/articles/2024-04-27/ai-boom-s-secret-winners-the-companies-expected-to-power-it?embedded-checkout=true

Posted by OnTime > 1 week ago | Report Abuse

defensive and recession-proof too.

Posted by Goldberg > 1 week ago | Report Abuse

AI Boom’s Secret Winners?

The Companies Expected to Power It. YTLP.s Green Green Power & Water -set to benefit

Utilities to see booming demand as more data centers go online.- YTL, TNB & Ranhill.

https://www.bloomberg.com/news/articles/2024-04-27/ai-boom-s-secret-winners-the-companies-expected-to-power-it?embedded-checkout=true

Posted by ValueInvestor888 > 1 week ago | Report Abuse

today PBA also up, another stock Dragon328 like.
water stock also benefit from Data Centre, besides rate increase.
This year is dragon year...

Posted by troy88 > 1 week ago | Report Abuse

YTL group still a powerhouse stock reaching new heights!

Posted by OTB > 1 week ago | Report Abuse

It appears to me the Q3 2024 result to be released in May 2024 should be good result.
Hopefully my projected EPS = 0.42 should be achievable.
Good luck.

Posted by MrFox > 1 week ago | Report Abuse

ValueInvestor888

today PBA also up, another stock Dragon328 like.
water stock also benefit from Data Centre, besides rate increase.
This year is dragon year...

water becomes Starbucks!!!!
haha

Posted by HumptyDumpty > 1 week ago | Report Abuse

IT"S A CHICKEN RUN AGAIN!!

Posted by 2721 > 1 week ago | Report Abuse

UNSTOPPABLE!!!