Posted by OTB > 1 week ago | Report Abuse

No point to attack dragon328.
Ask yourself, how much you have contributed in this forum ?
Do you contribute more than dragon328 ?

To me, I will be very grateful to dragon328.
Without dragon328's article, I will not load on YTLPower to win big.
I really appreciate and admire dragon328's effort.
This type of appreciation, money cannot buy.
Good luck.
Thank you.

Posted by dawchok > 1 week ago | Report Abuse

Can’t agree more with OTB and the same appreciation to dragon328.

Posted by dragon328 > 1 week ago | Report Abuse

@Beta Ipoh, The UK Brabazon property project is well on track and is the final stages of delivering completed homes to the buyers in the first phase. UK accounting standard for property sector requires the property developer to hand over the keys before it can recognise the revenue and income, so there was no meaningful contribution yet to YTL Power in FY2024.

You may take a look at the update news below for an enlarged development plan:

https://www.bbc.com/news/uk-england-bristol-68434412

Posted by jay123 > 1 week ago | Report Abuse

https://www.nst.com.my/business/corporate/2024/08/1095038/ytl-powers-rm9738mil-earnings-within-expectations-says-hlib
hmm, when will resume uptrend then?☹

Posted by DevOpsEngineer > 1 week ago | Report Abuse

Buy on weakness
Sell on strength
Last chances to escape today? Let see...
Still downtrend?
I think yes

Posted by DevOpsEngineer > 1 week ago | Report Abuse

Big fund buy when panic sell.
Big fund sell when good news.
Retail buy when good news and complain why price didn't up..
That is the reason 90% retail lose money. Retail little money so they are vulnerable to be greedy.

Posted by crazypapapoor > 1 week ago | Report Abuse

be fearful.

Posted by Permutation > 1 week ago | Report Abuse

Dragon 328 is doing a great job here. He recommended you to buy at 70 sen but you did not do so. He is still positive about YTLP from the fundamental prospective which I agree.
OTB also like YTLP but he is also more conscious of the TA aspect. Nothing wrong with that. For now if the price is below 200 day SMA he would not touch. Am I right OTB ?

Posted by UncleFollower > 1 week ago | Report Abuse

This kind of results close with black candlestick will be quite sad

Posted by Albukhary > 1 week ago | Report Abuse

@UncleFollower, no choice, the game is controlled by those big institute player. They are observing how many ikan bilis in the net, if not much, they will push up the share price to attract more. Once the net is full with ikan bilis, they will start hunting, short sell until the price break new low, then repeat again.

For us, we treat Bursa a place to reserve and generate wealth for long term, for those institution player with billion of hot money, it is just a place for them to hunting, they have no intention to park their billions into 1 counter and wait for it to grow over the years.

Posted by OTB > 1 week ago | Report Abuse

@Permutation,
The KLSE market sentiment is still bad.
Cannot understand it.
Good GDP at 5.9%, export increased 12.5%.
Billion of investment pour into data centres and JS-SEZ.
FBMKLCI breaks new high in 2024.

200-day SMA is at 3.88.
Good luck.
Thank you.

Posted by jusztpu2ra > 1 week ago | Report Abuse

big fish coming back again

Posted by dragon328 > 1 week ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/dragon328/2024-08-22-story-h-153387597-YTL_Power_A_Big_Surprise_Q4_FY2024

For those who are interested to read

Posted by klee > 1 week ago | Report Abuse

SAPU

Posted by UncleFollower > 1 week ago | Report Abuse

Looks like I worried too much 😅 but dont like this kind of move...last few minutes only push up, play play you never know what's coming next

Posted by 2721 > 1 week ago | Report Abuse

UNSTOPPABLE! short sellers gg this time

Posted by PureBULL ... > 1 week ago | Report Abuse

YTLP, the giant returns n so will
DC.THEME.PLAY stocks on KLSE.

https://www.tradingview.com/x/kJV4YFLe/

YTLP most likely has seen its low of this crash.
A reset shd be on the way n BIG money begins in the huge
PRIMARY 3 wave.

Position well for all the true blue DC stocks that r so so busy in
JB, the cheapest cost to do DC biz.
JB gov said, 50 DC edi approved. More r rushing in...

https://klse.i3investor.com/web/stock/financial-quarter/6742

Posted by klee > 1 week ago | Report Abuse

Likely will close gap at 4.45.

Posted by Johnchew5 > 1 week ago | Report Abuse

YTLpower:

A) QR ended March 2024 :

1.) Gearing Ratio : 1.19X


Borrowings = 29.38 Billion + 1.95 Billion = 31.33 Billion

Cash n bank balances = 8.76 Billion

Total Equity = 18.97 Billion

👉👉No wander FCF Yield is only 1.71% … paid Borrowings n Interest…


B) QR ended June 2024 :

1.) Gearing Ratio = 1.175 X

Borrowings = 30.38 Billion + 2.01 Billion = 32.39 Billion

Cash n bank balances = 8.89 Billion

Total Equity = 20.0 Billion

FCF Yield is 2.18 %


2.) Wessex Water :

FY 2022-23 incurred Losses since FY 18-19 .. bad sign ..

Over the next 5 years need to pump in Huge Capex RM 20 Billion as Ofwat requirements.


3.) Power Generators :

Haha is this YTLpower Plant going to be Phase Out by 2027 .… 1987 to 2023 = 36+

👉. Pulau Seraya Steam Turbine Power Plant

The Pulau Seraya Steam Turbine Power Plant thermal project with a capacity of 1,448MW came online in 1987. YTL PowerSeraya have the equity stakes in the project. It is located in South West, Singapore.


👉What is the service life of power plant?


👉Thermal power plants are designed for an economic lifetime of 30 to 40 years, but some plants have been also used beyond their design life in certain areas. The critical components are the boiler and the turbine.


And :


👉Pulau Seraya Combined Cycle Power Plant

The Pulau Seraya Combined Cycle Power Plant is a 1,472MW thermal project. YTL PowerSeraya owns the project. It was commissioned in 2002. It is located in South West, Singapore.


👉25 to 30 years is a typical expected operating life for a combined-cycle power plant. Extensive maintenance work, component replacements, or failures in the plant's first decade of operation can often be tied to issues with its original engineering, procurement, or construction work.

👉👉2002 to 2023 is 22 years .. Shl be phase out by 2026 to 2031 …

Posted by Johnchew5 > 1 week ago | Report Abuse

Recap on Wessex Water :

A.) Referred to Annual Report and Accounts 2022-23 :


Financial Highlights :


Revenue £m : 2022-23 530.5 , 2018-19 1547.7


👉Profit Before Tax £m : 2022-23 ( 28.9 ) , 2018-19 134.7


Equity £m : 2022-23 636.5 , 2018-19 824.9


Total Assets £m : 2022-23 4697.5 , 2018-19 3864.9


Net Debt £m : 2022-23 2622.2 , 2018-19 2091.4


Regulatory Gearing : 2022-23 64.3 % , 2018-19 64.7 %


Dividend Yield : 2022-23 5.4 % , 2018-19 8 %

>

👉Profit Before Tax £m : 2022-23 ( 28.9 ) , 2018-19 134.7

👉👉 FY 2022-23 incurred Losses ..where as Previous 4 FY is Profits ..

👉👉Anticipate FY 2023-24 Shl be impacted by Corporation Tax rate increased to 25 % from 19% ..

Note : The current (2023-24) corporation tax rate is 25%, rising from 19% last year .


B.) Over the next 5 years need to pump in Huge Capex as Ofwat requirements :

👉Over the next five years, regulator Ofwat said it would allow companies to increase average bills by 21%, or 94 pounds ($121), to fund an 88 billion pounds infrastructure upgrade.


👉 The water companies said that was not enough to tackle sewage spills, fix leaking pipes and increase capacity for a growing population. They had wanted to raise bills by an average of 33%, to invest 105 billion pounds.

Posted by Mabel > 1 week ago | Report Abuse

Commendable delivery; U/G BUY

YTLPs 4QFY24 results were in line as Wessexs return to profitability offset further tapering at PowerSeraya. This should alleviate investors concerns on earnings delivery. With share price having corrected by >30% from the peak, we believe risk-reward has turned favourable. Upgrade to BUY with a lower SOP-based TP of MYR4.70 (-10%). Potential re-rating catalysts include 1) affirmation of Wessexs recovery over the medium-term, and 2) positive progress on its AI compute business.

Source: Tiger Bank

Posted by ValueInvestor888 > 1 week ago | Report Abuse

Dear Dragon, thank you for your good report.
Note that YTL Comm has made profit of RM 37m. In the quarterly report, the company just briefly mentioned it was due to higher project revenue. Do you think they can continue to turnaround and register some profits next year? If yes, it will be a big boost to YTLP as well as it was losing RM 268m last year.

Posted by Mabel > 1 week ago | Report Abuse

Target price derivation

(MYR m) Equity Value Stake Attri. value per share %
Power Seraya 18,435 100% 18,435 2.25 48%
Wessex 11,958 100% 11,958 1.46 31%
Mobile 155 60% 93 0.01 0%
Jawa Power 5,088 20% 1,018 0.12 3%
Data Centre 5,440 70% 3,808 0.46 10%
Attarat Power 8,193 45% 3,687 0.45 10%
Residual net cash -488 -0.06 -1%
Total equity value 38,511 4.70 100%

Posted by dragon328 > 1 week ago | Report Abuse

@ValueInvestor888, the Yes 5G division registered a small profit in Q4 FY2024 due to recognition of some project revenue. I am not too sure if there will be any more project revenue to be booked in FY2025.

In my own projection, I do forecast small project revenue recognition which will offset against small losses in the 5G retails segment in FY2025.

Posted by Beta Ipoh > 1 week ago | Report Abuse

mr dragon328，thank's for
Ur reply. u mean babazon will get money in next 2qr？

Posted by Lanesra > 1 week ago | Report Abuse

This is what i am looking for if i am to login into this forum. Thanks dragon328 for the writeup. Just regretted that i didnt grab more to average down .

Posted by NatsukoMishima > 1 week ago | Report Abuse

Notion will be a good investment only if price tag at 30 sens !

Posted by raymondroy > 1 week ago | Report Abuse

Some review pointers moving ahead for YTLP....
1) Really glad that there is good diversification to the revenue and profit rather than heavily relying on powerseraya, as we know moving forward, power will lose the natural gas price advantage and also the strengthening of RM against SGD - at 3.50 in Q2 and now at 3.35 (loss of 4.3%)
2) Wessex and 5G showing profits - hope this can sustain
3) potential incorporation of Ranhill equity share profits - although this will be small for now
4) not sure why no revenue at all from DC operations or perhaps to start only towards 2024 year end? Isn't Sea Ltd contributing anything yet?
5) No mention of brabazon project and/or state of project progress etc, which is surprising? Perhaps revenue recognition is still far ahead
6) Digital banking license operations will commence soon, and initial operations losses will start be to recognised (similar to Aeon Cr) for the first year or perhaps more, need to be prepared for this
7) The corporate proposal section of the Qtr report is left blank. This shd at least contain the brabazon project and/or DC plans ahead?

Dragon328/OTB will appreciate your feedback.... happy hunting and cheers :-)

Posted by cgtan2020 > 1 week ago | Report Abuse

@dragon328 thank you so much!!!

Posted by dragon328 > 1 week ago | Report Abuse

@Beta Ipoh, I do not know when exactly Brabazon project will hand over the keys to the first phase buyers, but I have assumed meaningful earnings contribution from this Brabazon property division to YTL Power in FY2025.

The first few phases tend to be residential landed homes, we may only see commercial property offerings a couple of years down the road.

Posted by dragon328 > 1 week ago | Report Abuse

@raymondroy, the colocation data centre with SEA Ltd is only completed the first phase of 8MW, the remaining 24MW to be rolled out progressively over the next few months. As the 1st phase of 8MW was completed in early April 2024, I understand that YTLP has recognised some start-up costs in Q4 FY2024 which has offset against the earnings contribution from the 1st phase. I hope we can see more meaningful contributions in quarters ahead.

When there is earnings contribution from the colocation data centre, it will be parked under Investment Holding activities. I hope they will segregate this segment out when earnings contribution becomes meaningful later.

Posted by dragon328 > 1 week ago | Report Abuse

As for the digital bank JV, YTLP has issued a statement to say that it is well on track for commercial roll out by end 2025.

You are probably right that there will be start-up losses from the digital bank JV, and these start-up losses should be capitalised as capex in 2024 and 2025 before the commercial roll out.

After the commercial roll out, initial operational losses should then be expensed off in the P&L and I have budgeted for some losses in FY2025 and FY2026. On the hindsight, I think now I should have moved the loss in FY2025 to FY2027 as such loss should be capitalised instead in FY25.

Posted by Jesse1314 > 1 week ago | Report Abuse

Thank you Dragon for the analysis.

The prospect of the company is strong. But with so many on its plate, should we adopt a more conservative view? Delivery of the projects is altogether a different matter. We can make all the cash flow projections, but can it be delivered?

You can sign many contracts - question is, again, can you deliver?

Though YTL is a strong name... Having too much to eat in a short time may not be ideal as well...

Posted by rtsma2026 > 1 week ago | Report Abuse

Data hub bring Malaysia more FDI, YTLPOWR best of the best

Posted by sii581014 > 1 week ago | Report Abuse

it is the gov POP projects at sabah for its project revenue that span over years:

https://sabahkini2.org/en/news/5245/pm-wajar-batal-projek-gentian-optik-zon-sabah-kepada-ytl-di-mark-up-dari-rm-9465-juta-kepada-rm1003b/view

Posted by ValueInvestor888 > 1 week ago | Report Abuse

result is too good and short sellers not able to press down and have to cover their losses...🤣

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho open book with a black dot .

Posted by musangfoxking > 1 week ago |

Post removed.Why?

Posted by Invest_888 > 1 week ago | Report Abuse

Cash flows from major banks to YTLP.

Posted by MrFox > 1 week ago | Report Abuse

wwss!!!!!!!!!!!!!!!!!!!
what a feeling!
haha

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho IDSS play today wow :

YTLPOWR YTL POWER INTERNATIONAL BHD 450,300 1,700,451

RSS :

YTLPOWR YTL POWER INTERNATIONAL BHD 562,500 2,146,705

Posted by Johnchew5 > 1 week ago | Report Abuse

FelixAndks55CUCKOLD
FelixAndks55CUCKOLD | Joined since 2024-08-22

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho until now I am still wandering why only certain forums had this abusive id . Cannot flag to prevent Negative views on facts n figures, used so low class tricks …

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho the master behind is so low class worst than Conartist Callvin…

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho previously did not see IDSS main Short sini , today smell money ke ???

Posted by rtsma2026 > 1 week ago | Report Abuse

DC 5G AI bring Malaysia Great again

Posted by purple70 > 1 week ago | Report Abuse

barrirer at RM4.20! Why

Posted by HumptyDumpty > 1 week ago | Report Abuse

@Johnchew5 ,how about this trick IDSS suppress , RSS escape. IDSS does not need to pre borrow stock, as long as it's belong 3% circulation. But had to settle within the day (i wonder how strict is this)

Posted by HumptyDumpty > 1 week ago | Report Abuse

unless there is a big enough buy side, not easy to break short seller barrier , but once triggered they are naked haha

Posted by HumptyDumpty > 1 week ago | Report Abuse

And i think they start panic d.. IDSS had to be close today.