Posted by ckwee168 > 2024-08-23 10:40 | Report Abuse

@dragon328, thank you for keeping us updated on your analysis. I do find them very insightful.

I have a question on its dividend policy. I remembered reading somewhere in your previous report that the management had committed to increase the dividend payout to between 10-15 cents but seems like it is not the case now. Do you have any latest info on this? Thank you in advance and God Bless :)

Posted by star899 > 2024-08-23 11:07 | Report Abuse

Hopefully foreign investors will add YTL Power in one of their investment portfolios.
The foreign investors especially from Singapore and US would enjoy "double gains" with the rise of share price and appreciation of Rinngit.

Posted by rtsma2026 > 2024-08-23 11:14 | Report Abuse

Ytlp bring Malaysia Great again team nvdia coming soon data centre talk hand hold hand gogogo

Posted by PureBULL ... > 2024-08-23 11:16 | Report Abuse

OUR MKT TURNS SO BAD

It's tough times to deal with
Hope, tough times never last , but tough pple do.

From nowhere, suddenly msia mkt had a bull run last yr, lead by
YTLP since March 2023.

YTLP thru SIPP bought an estate land from bstead to start
DC + solar RE in Kulai, JB.
That instigated a super bull run on JB land prices, that were chased up by many global DC operators.
n klse had a generous Property Theme.Play thru out the country.

DC is the huge brand new industry for msia, n is only happening in JB + a few DC in KL.
This DC Theme.Play will last for years.

NB:
DC Theme.Play is abt Utility + Water 1st. The lowest cost is in JB, the land located closest to SIN.
We hv
1st tier DC stock, YTLP
2nd tier DC-Property, cresndo, simeprop, ecowld, mahsing
3rd DC-General contractors, Gamuda, Suncon, Ijm

the next yet to go super purebull,
4th tier will be the sub-con n supporting co as suppliers + labor n most importantly water, to DC.

Posted by izoklse > 2024-08-23 11:24 | Report Abuse

Be careful guys. Now Tech sell down.

Posted by PureBULL ... > 2024-08-23 11:31 | Report Abuse

Tech News Flow said;
the 1st gen DC r all outdated with slow servers on HDD.

AI DC with NVDA chips, is happening n in high demand is a certainty.

Players never hv to worry abt YTLP, but u might hv to abt ur stock picks.
make sure they r not CRAB type!

Posted by 2721 > 2024-08-23 11:33 | Report Abuse

Looks like close green today

Posted by jenson68 > 2024-08-23 11:50 | Report Abuse

Seem undervalued ( long run ) as all IB upgrade the TP , hehe

Posted by Huangbk72 > 2024-08-23 11:50 |

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Posted by Invest_888 > 2024-08-23 11:53 | Report Abuse

Bought some more @ RM4.07.

Posted by jeffchan1901 > 2024-08-23 12:07 | Report Abuse

From Simply Wallstreet 2024 Aug 23:

Full year 2024 earnings released: EPS: RM0.43 (vs RM0.25 in FY 2023)
Full year 2024 results:

EPS: RM0.43 (up from RM0.25 in FY 2023).
Revenue: RM22.3b (up 2.0% from FY 2023).
Net income: RM3.46b (up 71% from FY 2023).
Profit margin: 16% (up from 9.3% in FY 2023). The increase in margin was primarily driven by lower expenses.

Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Asia.

Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 82% per year.

Posted by Huangbk72 > 2024-08-23 12:12 |

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Posted by FAInvestor > 2024-08-23 12:18 | Report Abuse

This morning add some more at 4.04

Posted by dragon328 > 2024-08-23 12:42 | Report Abuse

@ckwee168, I have earlier projected for high dividends from YTL Power in my articles 2 years ago given the strong operating cashflows from its utility businesses and small capex outlay in these utility subsidiaries.

But now each subsidiary is embarking on some capex programmes, such as PowerSeraya going to build a new 600MW CCGT in 2025-2027, Wessex has earmarked capex of GBP2.5 billion for 2025-2030, and YTL DC preparing to spend up to RM20b on AI data centres.

I think the management is acting prudently by declaring a decent dividend of 7.0 sen in FY2024, and I expect dividend payouts can be higher once the AI data centres start bringing in rental income from FY2026.

Posted by ValueInvestor888 > 2024-08-23 12:55 | Report Abuse

Hong Leong Report
First stage 8MW of DC1 has commenced operation (for Shopee) and the remaining 40MW is on progress (in talk to accelerate the progress). Construction of DC2 - 20MW AI (under YesCom) is on schedule, commencing likely in 1HFY26 while DC3 - 80MW AI is also progressing, likely to commence from FY27 onwards. DC4 - 40MW COLO hyperscale is also progressing well, likely to commence in FY26.
YTLDC continued to work closely with NVidia for AI-DC development.

CIMB
Share price pullback an opportunity to accumulate; Upgrade to Add YTLP’s share price is down 30% since May, underperforming the KLCI Index which rose 1% over the same period. We now see a more favourable risk-reward trade-off at these levels and upgrade the stock to Add from Hold. At its analyst briefing call (on 21 Aug) management highlighted that it continues to be in active discussions with potential offtakers for its 100MW AI DC, with shell and core construction works for the planned facilities progressing well and on track for completion by mid-2025. Newsflow on the company
securing offtake agreements for these would be key re-rating catalysts, in our view.
Downside risks: execution setbacks and market risks for its DC projects, and heavy capex
for its DCs and WW leading to increased gearing.

Kenanga
Besides the 48MW data centre for Sea Ltd (occupying 32 MW), data centres in the construction pipeline include a 40MW colocation data centre (a 15-year contract entered into with a hyperscaler), while another two data centres of 20MW + 80MW
have been earmarked for AI. YTLPOWR does not expect a delay in AI chip delivery and expects the Blackwell Nvidia chip housed in the 20MW AI data centre to be delivered in 1QCY25.

Posted by ValueInvestor888 > 2024-08-23 13:01 | Report Abuse

MIDF
Delay in AI DC coming online? Clarifying the concerns surrounding potential delays in Nvidia’s Blackwell chips as the latter revamps the design reportedly due to a design flaw, management guided that they were still well within the timeline of receiving the supply by 1QCY25. TheNVIDIA AI DC which is parked under 60%-owned YTL Communications,
has a medium-term target of hitting 100MW AI DC capacity though this could involve much higher capex (estimated at USD4b or RM180m/MW) given more advanced hardware employed, especially for NVIDIA’s H100& GB200 GPUs, compared to an estimated RM25-30m/MW for a typical IT load DC. In the longer term, YTLP’s 664ha Kulai land is able to accommodate up to 500MW DC capacity.

TA
 Telecommunications: Potential growth will be from AI cloud computing services, which will be provided by 60%-owned YTL Communications. AI
cloud computing’s demand is surging globally. The group allocated 100MW of its 500MW Green Data Centre for AI cloud computing but may increase the allocation depending on demand. In the medium-term, the newly secured RM947m Sabah PoP project is expected to give a sustainable revenue uplift for the next 3 years as the project rolls out.

 Investment Holdings: We are upbeat on YTLPOWR’s 500MW Green
Data Centre project. Of note, its phase I 48MW IT Load Hyperscale Data Centre already has Sea Limited as its anchor (taking up 32MW). 8MW has already commenced around mid-May, with 8MW scheduled to be taken up each year. Overall, we do not expect data centre contribution to be significant yet in the near term but will be an important earnings driver once scaled up. We gather that there are another three data centres under construction involving two AI data centres (20MW and 80MW capacity) and another 40MW colocation facility with a 15-year contract.

Posted by star899 > 2024-08-23 14:39 | Report Abuse

Jensen Huang of Nvidia, the partner of YTL Power in AI infrastructure, sold USD 323 million of Nvidia shares in August 2024.
1 USD = about RM 4.37
That would be about RM 1.4 billion.
If Jensen Huang would set a fund and use part of the proceeds to invest in YTL Power shares would be good enough.

Posted by star899 > 2024-08-23 14:41 | Report Abuse

Sorry the shares of USD 323 million was sold in July 2024

Posted by Johnchew5 > 2024-08-23 15:43 |

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Posted by mf > 2024-08-23 15:46 | Report Abuse

run

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Posted by 2721 > 2024-08-23 15:50 | Report Abuse

Wow..reali close green soon, gogogo

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Posted by fikik87053 > 2024-08-23 16:58 | Report Abuse

https://aritmetik.pages.dev/

Posted by Johnchew5 > 2024-08-23 17:38 |

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Posted by Johnchew5 > 2024-08-23 17:38 | Report Abuse

The application for the CGPP has commenced from 9 May 2023 until 31 December
2023 or until the total allocation quota of 800MW is fully subscribed.

There are total
of 71 applications received thus far, and the successful Solar Power Producer are listed
below:

No. Solar Power Producer Export Capacity
(MWac)

1. Cenergi EE Holdings Sdn. Bhd. 29.99

2. Coara Solar Sdn. Bhd. 29.99

3. Consortium of Angelaxy Power Sdn. Bhd. and Uzma
Environergy Sdn. Bhd.
12.16

4. Consortium of Atlantic Blue Sdn. Bhd. and TNB
Renewables Sdn. Bhd.
29.99

5. Consortium of Conextone Energy Sdn. Bhd. and ENGIE
Renewable SEA Pte. Ltd.
29.99

👉6. Consortium of JAKS Solar Power Sdn. Bhd., Ann Joo Green
Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd.
29.99

7. Consortium of KVC Corporation Sdn. Bhd, Meriah Suria
Sdn. Bhd. and Kuala Berang Solution Sdn. Bhd.
29.515

8. Consortium of Nestcon Infra Sdn Bhd. and Pristine
Multivision (M) Sdn. Bhd.
10.00

9. Consortium of Reservoir Link Renewable Sdn. Bhd.,
Sumitomo Corporation and Maqo Engineering Sdn. Bhd.
29.99.

10. Consortium of Salcon Berhad and KAB Smart Solar Energy
Sdn. Bhd.
7.00

11. Consortium of Savelite Engineering Sdn. Bhd., Blazing
Solar Sdn. Bhd. and TNB Renewables Sdn. Bhd.
29.99

12. Consortium of Shizen Malaysia Sdn. Bhd., HSS Engineering
Sdn. Bhd., Solarvest Asset Management Sdn. Bhd. and
Aziho Trading Sdn. Bhd.
29.99

13. Consortium of Solar Citra Sdn. Bhd. and Total Energies
Renewables SAS
29.99

14. Gading Kencana Sdn. Bhd. 30.00

15. Mega First Power Industries Sdn. Bhd. 29.99

16. Pekat Teknologi Sdn. Bhd. 29.99

17. Sime Darby Plantation Renewable Energy Sdn. Bhd. 14.989

18. Solarcity REIT Sdn. Bhd. 29.99

19. Starken AAC Sdn. Bhd. 10.00

20. Sunway Construction Sdn. Bhd. 29.90

21. Tanah Matahari Sdn. Bhd. 29.99

22. TNB Renewables Sdn. Bhd. 29.99
* Balance Quota – 236.58MW

Posted by Johnchew5 > 2024-08-23 17:48 | Report Abuse

Electricity grid's third-party access open by September to new RE plants, new demand
By Adam Aziz / theedgemalaysia
26 Jul 2024, 10:49 am


KUALA LUMPUR (July 26): The government is en route to open up third-party access to Malaysia's electricity grid, with the launch of the Corporate Renewable Energy Supply Scheme (CRESS) from September, focusing on green electricity supply.

This means an electricity buyer can negotiate pricing directly with a renewable energy power plant for green electricity supply, according to a statement by the Ministry of Energy Transition and Water Transformation.

However, the statement did not elaborate on the charges that will be imposed for third parties to access the grid.

Currently, end-users are all sourcing their electricity, comprising both conventional and renewable energy-generated electricity, from Tenaga Nasional Bhd (KL: TENAGA) which is also the sole operator of the national grid.

The programme will be open for new renewable energy power plants, focusing on those that are able to provide firm output. Higher access system charges will be imposed on those without firm output, the statement said.

On the consumer side, it is open for new electricity customers of medium and high voltage, and for existing electricity customers — but only covers additional electricity demand.

Another requirement is direct electricity connection through the grid between the power plant and the customer.

“The single buyer and grid system operator will play the role of the market and system operator,” the statement said.

“Tenaga Nasional Bhd will continue to play its role as the electricity utility supplier that will supply electricity generated to consumers consistently within and outside of the period where green electricity is supplied,” the statement read.

“The programme is expected to de-risk and reduce costs of national electricity supply, and provide a fair opportunity for healthy competition among [green energy] developers,” the statement added.

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Posted by Mabel > 2024-08-23 23:57 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/22/malaysia-shines-as-foreign-investors-return-peers-stumble?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240823&_sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFUJVQ&stm_medium=email&_stm_source=smartech

The stock benchmark KLCI has risen more than 12% this year on the back of an AI-driven data center boom, outperforming the 6% rise in the MSCI Southeast Asia index .

Posted by star899 > 2024-08-24 08:32 | Report Abuse

A good and happy Saturday morning everyone.
A major global rally on next Monday 26-08-2024 likely .

Posted by LimPek1510 > 2024-08-24 08:53 | Report Abuse

Australia announced a massive solar farm that it hopes will eventually offer 2 gigawatts (GW) of power to Singapore via undersea cable.

Singapore's Energy Market Authority has already granted conditional approvals to import 1GW from Cambodia, 2GW from Indonesia and 1.2GW from Vietnam.

What is the impact to conventional power plant in Singapore?

Posted by LimPek1510 > 2024-08-24 10:44 | Report Abuse

Huge investment from SG government for renewable energy 👏

https://cleantechnica.com/2024/08/21/no-solar-energy-no-problem-gigantic-undersea-cable-will-make-it-happen/

Posted by Mabel > 2024-08-24 11:14 | Report Abuse

Final dividend of RM0.04 announced
Shareholders will receive a dividend of RM0.04.
Ex-date: 12th November 2024
Payment date: 29th November 2024
Dividend yield will be 1.7%, which is lower than the industry average of 4.5%.
Sustainability & Growth

Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (54% cash payout ratio).
The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
EPS is expected to grow by 2.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.

Yum Yum..

Thank you YTL Power

Posted by LimPek1510 > 2024-08-24 11:19 | Report Abuse

SG electricity business big challenges ahead.
Jordan power plant half die already.

UK water business is a deep blackhole sucking cash.


AI data center only one tenant Sea Limited. A big headache for YTL's son.

Posted by Johnchew5 > 26 seconds ago | Report Abuse

Hoho if not unloading shares by this year .. wait for another 10 years ? Shl be worst lo ..

Posted by Mabel > 2024-08-24 11:25 | Report Abuse

Yum Yum

Dividend yield will be 1.7%, which is lower than the industry average of 4.5% which is acceptable since YTL Power is a Growth Company..

At final collection price at RM 3.770, now Mabel can sleep like a baby...

Thank you also to the Short Sellers for pressing the price down..

Valuation for YTL Power (Thank you dragon328!!!)

With the latest Q4 result, YTL Power has become the cheapest utility stock in Bursa. YTL Power is trading at historical PER of just 8.8x, dropping to 8.1x in FY2025 and 6.5x in FY2026. In comparison, Tenaga is trading at 23x PER on FY2024 earnings and Petronas Gas at 20x FY2024 earnings.

YTL Power should be trading at minimum PER of 10x and a fair PER of 15x, hence it should be trading at RM4.27 minimum or RM6.40 in 2024, rising to a minimum of RM4.62 to RM6.93 in 2025.

Over a longer term, I see not much challenge for YTL Power share price to test RM8.70 to RM13.00 by 2030.

To Our Success !

Meow Meow Meow