Posted by BullOhBear > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/732608

Posted by mf > 1 month ago | Report Abuse

Asia-Pacific markets fall as U.S. postelection rally fails to lift regional optimism
33 min ago
•
Lee Ying Shan

Posted by dragon328 > 1 month ago | Report Abuse

YTL Power MD confirmed that the data centre development in its Kulai DC Park is well on track. The company has hosted visits by various parties including MP Liu and MP Teoh last month, and is organising another visit by various parties two weeks later to the Kulai DC Park to showcase the actual progress on the ground. That is to dispel the various fake news and speculation on any delay in its data centre progress or Nvidia pulling out of Malaysia.

YTL Power remains the cheapest utility stock with forward PER of less than 7.0x compared to well over 20x PER for other utility stocks like Tenaga and PetGas. Even if I strip out contribution from AI data centre in FY25, YTL Power EPS will still come to 43 sen matching FY2024 actual earnings. Forward or historical PER for YTL Power comes to just 7.4x, still way cheaper than other utility stocks.

If I include half of the projected earnings contribution from AI contribution in FY2026, YTL Power net profit is projected to jump to RM4.7 billion or EPS of 58 sen. Then YTLP PER will fall to just 5.5x, which is ridiculously low for an Nvidia-proxy AI stock.


Posted by BullOhBear > 44 minutes ago | Report Abuse

https://theedgemalaysia.com/node/732608

Posted by StarOfTheBull > 1 month ago | Report Abuse

A lot of bilis selling thinking of buy back at lower price.

Posted by musangfoxking > 1 month ago | Report Abuse

wow!!!!!!!!!!!!!! bit coin going to 90000!!!!!!!!!!!!!!

Posted by sexy > 1 month ago | Report Abuse

Not joking. Ytl Power potential can reach RM15 or more in a few years time. Can become a true technology company overtaking banks in term of market capitalization.

Posted by sexy > 1 month ago | Report Abuse

In another word, has potential to be the biggest company in bursa

Posted by StarOfTheBull > 1 month ago | Report Abuse

Capital gain and dividend. Those bought on last Friday and yesterday must be happy now.

Posted by Willtolive > 1 month ago | Report Abuse

wow you are so bullish, how lots do you hold?

Posted by StarOfTheBull > 1 month ago | Report Abuse

wayup

19 posts

Posted by wayup > 10 hours ago | Report Abuse

https://wccftech.com/super-micro-computer-smci-reportedly-drops-the-ball-on-a-huge-order-for-nvidias-nvl72-gb200-chips-prompting-a-taiwanese-company-to-pick-up-the-tab/
Good or bad news anyone?

""""""""""""
In summary:
Two makers of NVIDIA’s NVL72 GB200 Chips.
Super Micro Computer (SMCI) and
Taiwan’s Wiwynn.
SMCI stopped operation in Malaysia due to financial constraints.
YTLP was forced to divert its NVIDIA’s NVL72 GB200 Chips order from Taiwan’s Wiwynn for its data centre in Kulai, Johor.

Posted by sexy > 1 month ago | Report Abuse

Yesterday good news, today good news. You can see the trend already. Hmm.. RM4 by year end. 🤔

Posted by dragon328 > 1 month ago | Report Abuse

This is total nonsense. YTL has never dealt with Super Micro Computer. YTLP is getting Blackwell GPUs and the server directly from Nvidia. In fact, I do not think Super Micro even has any production facility in Malaysia.

What a lame attempt, so fake!



Posted by StarOfTheBull > 21 minutes ago | Report Abuse


wayup

19 posts

Posted by wayup > 10 hours ago | Report Abuse

https://wccftech.com/super-micro-computer-smci-reportedly-drops-the-ball-on-a-huge-order-for-nvidias-nvl72-gb200-chips-prompting-a-taiwanese-company-to-pick-up-the-tab/
Good or bad news anyone?

""""""""""""
In summary:
Two makers of NVIDIA’s NVL72 GB200 Chips.
Super Micro Computer (SMCI) and
Taiwan’s Wiwynn.
SMCI stopped operation in Malaysia due to financial constraints.
YTLP was forced to divert its NVIDIA’s NVL72 GB200 Chips order from Taiwan’s Wiwynn for its data centre in Kulai, Johor.

Posted by sexy > 1 month ago | Report Abuse

Who knows. Maybe few years later, Ytl is able to win the contract and construct mega factory at their johor land to build humanoid for Nvidia?

Posted by BullOhBear > 1 month ago | Report Abuse

SMCI is the manufacturer of the server cabinet used to house the Nvidia chips, not the manufacturer of the chips. SMCI server is good because it has liquid cooling technology which is able to disperse larger amount of heat generated by AI chips

Posted by StarOfTheBull > 1 month ago | Report Abuse

Oh ya, my apology. It is actually the server, not the chip. I just narract it from the link.


dragon328

2,563 posts

Posted by dragon328 > 56 minutes ago | Report Abuse

This is total nonsense. YTL has never dealt with Super Micro Computer. YTLP is getting Blackwell GPUs and the server directly from Nvidia. In fact, I do not think Super Micro even has any production facility in Malaysia.

What a lame attempt, so fake!

Posted by StarOfTheBull > 1 month ago | Report Abuse

* Super Micro Computer halted construction of a new factory in Malaysia.

Posted by cktay > 1 month ago | Report Abuse

In his first media interview since the announcement of the US$4.3 billion data centre in December 2023, YTL Power managing director Datuk Seri Yeoh Seok Hong dismisses any uncertainty surrounding its partnership with Nvidia Corp in the project.
https://theedgemalaysia.com/node/732608
https://www.trendforce.com/news/2024/11/12/news-supermicros-financial-crisis-shifts-malaysias-ytl-group-order-to-taiwanese-firm/
[Dragon .... need you to crunch above two articles for us]

Posted by cktay > 1 month ago | Report Abuse

No legal action over 1BestariNet amid ongoing talks with YTL, says deputy minister
By Choy Nyen Yiau / theedgemalaysia.com
11 Nov 2024, 12:13 pm
.... nearest hint on where the MACC investigation is going

Posted by cktay > 1 month ago | Report Abuse

Date: 2024-11-04
Firm: TA
Stock: YTLPOWR
Price Target: 6.39
Price Call: BUY
Last Price: 3.20
Upside/Downside: +3.19 (99.69%)
...... TA's TP on Nov 4 is for YTLPower to double.
Now with the clarifications given by Yeoh, wonder what the analysts has now got to say ....

Posted by redhotpepper > 1 month ago | Report Abuse

I guess Jensen is gonna shift to other infra vendor fast. DeLL might come into the picture I guess, if the price are right

Posted by diuleiloumei > 1 month ago | Report Abuse

MACC very busy now with FashionValet and Sabah Adun case now. YTL can jalan dulu

Posted by darrenliew > 1 month ago | Report Abuse

Hold Up. Fed Chair Powell Just Issued a Dour Warning on the Economy. Is the Bull Market in Trouble?
By Jeremy Bowman – Nov 12, 2024 at 4:48AM
Key Points

The growing national debt is a threat to the economy, according to Federal Reserve Chair Jerome Powell.
Deficits are expected to expand under the Trump administration.
The U.S. debt-to-GDP ratio has doubled over the last generation.
10 stocks we like better than S&P 500 Index
The Federal Reserve chair said the country was on an unsustainable path.

Posted by sexy > 1 month ago | Report Abuse

Good news then RM4 by year end?

Posted by darrenliew > 1 month ago | Report Abuse

https://m.economictimes.com/prime/money-and-markets/trump-tantrums-on-us-debt-will-spell-doom-for-equity-in-emerging-markets-is-gold-your-best-hedge/primearticleshow/115226590.cms

Posted by ken2004 > 1 month ago | Report Abuse

I am just waiting whether by 15 Nov, the price can or cannot break 3.36 LOL then next I want to see whether the price will crash below 2.88 till 28 Nov or not, as thinking whether the warrant mature date will really impact the price or not.

Posted by darrenliew > 1 month ago | Report Abuse

Strategists Are Talking About Big Gains for the S&P 500. It’s a Bad Sign. https://www.barrons.com/articles/s-p-500-bulls-risk-buy-sell-4ce642bc

Posted by sexy > 1 month ago | Report Abuse

If you say I'm physic, maybe yes.

Posted by dragon328 > 1 month ago | Report Abuse

@cktay, the article on Super Micro Computer halting production in Malaysia and affecting YTL data centre is fake news, you can just ignore it. It appeared in an unknown online website for gamers.

As for the article on the interview of YTL Power MD with The Edge Weekly, I think I have commented before, but will add a few points here.

What Dato' Yeoh tried to stress was that Nvidia GPUs are now highly in demand and it is a seller market, i.e. the chips can be priced very high but still demand is over supply. Nvidia will focus on producing the AI chips and supply them to the hyperscalers who need them in the AI data centres to provide AI cloud services to clients, instead of building own AI data centres to compete with the hyperscalers.

For that reason, Nvidia is temporarily scaling down its AI data centre size to 20MW at YTLP Kulai DC Park until supply catches up with demand. Hyperscalers are knocking at Nvidia's door every week trying to get as many GPUs as possible and as soon as possible. Hence Nvidia has prioritised supply to the hyperscaler who has signed up for 80MW at YTL DC, and another hyperscaler in discussion.

I get the impression that supply will ramp up in 2025 especially after Nvidia unveils its next advanced chips GB200 and GB200A in Mar/April 2025. Then Nvidia's AI data centre with YTLP will resume ramping up from 20MW to the intended 100MW in FY2026. That's why you can see YTL DC1 has been designated to 20MW for now, and that was used by business rivals to spread fake news that Nvidia was pulling out of Malaysia.

He confirmed that obviously YTLP has secured clients for its data centres, otherwise banks will not lend to finance the projects for the various new data centres there (DC1, DC2, DC5 & DC6 all under construction in various stages now). That's also why YTLP is arranging site visits for MPs, fund managers and analysts to visit its Kulai DC Park to see the actual progress, there is nothing to hide, they will see for themselves.

As for possible US sanctions on YTLP providing AI processing power to China clients, Yeoh said their legal team and commercial team will have done the checks to mitigate such risks before YTLP an invest. But I am not aware of any China client that YTLP has secured so far.

On the other hand, Yeoh said YTLP's subsidiary Ranhill is building a new 100MW gas plant in Sabah, which I have not included any earnings contribution yet. That is a positive news.

On Wessex, the capex plan for the next regulatory 5 years (Apr 2025- Mar 2030) will be a lot higher at GBP3.5 billion, compared to GBP1.4b in the current 5 years to Mar 2025. This will present billions of construction contracts to YTL construction arm in next 5 years, as YTL construction will deliver cost effective solutions to Wessex compared to UK contractors. Yeoh cautioned that the higher capex will lead to higher depreciation charges which will in turn lower the accounting profits, which is sensible. But cashflows wise, Wessex shall have higher operating cashflows due to higher regulated asset base and lower interest rates. In a way, while accounting profit may not grow as much, Wessex may declare higher dividends in the next 5 years.

Yeoh confirmed that YTLP will have no issue of funding capex requirements as the company always keeps high level of cash in hand. Furthermore, YTLP always structure every investment as a SPV, each will borrow to fund each capex, each is rated on their own and each gives dividends to YTLP every year.



Posted by cktay > 17 hours ago | Report Abuse

In his first media interview since the announcement of the US$4.3 billion data centre in December 2023, YTL Power managing director Datuk Seri Yeoh Seok Hong dismisses any uncertainty surrounding its partnership with Nvidia Corp in the project.
https://theedgemalaysia.com/node/732608
https://www.trendforce.com/news/2024/11/12/news-supermicros-financial-crisis-shifts-malaysias-ytl-group-order-to-taiwanese-firm/
[Dragon .... need you to crunch above two articles for us]

Posted by ValueInvestor888 > 1 month ago | Report Abuse

today KGB up close to 20% after results. KGB was also hammered 30% down in this mkt adjustment. If YTLP results are good, will see similar trend...

Posted by Antifanaticracism > 1 month ago | Report Abuse

Mixed signals. Major problem still not solved

Posted by wkc5657 > 1 month ago | Report Abuse

@dragon328

some clarifications :

1) trendforce is quite a reputable industry news source regarding tech, so their news reporting has some substance (they cite source from taiwan economic times)
2) supermicro's is one of the major AI hardware assemblers, and they do help clients build server hardware based on nvidia chips
3) supermicro's financial situations in shambles is also true, can't even get the audit report out (situation quite similar to what happened to infamous serbadinamik some years back, a lot of questionable non arms length transactions)
4) nvidia is an IC design company at it's core, they don't build the physical chips, hardware or server rack. Even if direct order from nvidia, it is subbed out to these hardware assemblers.
5) wiwynn's plant in johor is truly a physical available site, neighbouring to supermicro's plant within the same industrial park which is still under construction (which is also put on hold now due to the financial shambles they are in). The difference is that wiwynn's site has been fully constructed and in operation.

There is nothing else to argue about your other portion of analysis which are quite reasonable and well written

Posted by dragon328 > 1 month ago | Report Abuse

@wkc5657, thanks for the notes above.

trendforce may be a reputable site for tech news, but I question the writer's post above especially the few sentences linking SMC to YTL's DC site progress.

For this news, I have checked with YTL investor relation dept and their reply, after checking with YTL DC chief, is that there is no truth in the article content that is related to impact on YTL DC. They said YTLP ordered everything directly from Nvidia, thought Nvidia may use the service or parts from other vendors.

Posted by dragon328 > 1 month ago | Report Abuse

The IR dept added that YTLP buy the GPUs in cabinet servers so they have no exposure to Super Micro in the first place. Each cabinet costs US$3 million with 72 Blackwell GPUs plugged in.

This is for the tech guys to divulge further, but it makes sense to me and is consistent with what I can find online.

Posted by CapitalCraftsman > 1 month ago | Report Abuse

Data center investment is still on course. Continue to chip in

Posted by dragon328 > 1 month ago | Report Abuse

Further clarification from YTL IR/DC follows.
Even if you assume YTL is indirectly exposed to the risk of Super Micro server rack issues, if you do the maths, YTLP's first 20MW of AI data centres will require roughly 24,000 GPUs and with 72 GPUs in each cabinet server, they can expect about 333 cabinet servers to be delivered to YTLP in January 2025.

If you then look at the forecast in the link below, Nvidia is expected to ship 60-70k of B200 cabinets in 2025 so securing 333 cabinet servers, irrespective of the Super Micro situation, should not be a problem for Nvidia especially given its size and influence in the supply chain.

YTL cannot overemphasize its privilege of being the first to deploy the Blackwells outside the US so all parties are working hard to meet the timeline.

This privilege potentially has significant long term implications because many developing countries will want to learn from YTL experience especially in developing sovereign AI.
https://www.techspot.com/news/103994-nvidia-blackwell-server-cabinets-could-cost-somewhere-around.html

Posted by dragon328 > 1 month ago | Report Abuse

Some corrections to my post above on YTL DCs.

YTL DC 1 is rated 72MW capacity and is largely leased to SEA Ltd for colocation data centre.

YTL DC2 is now rated 20MW for Nvidia AI data centre, to be expanded to 100MW once Blackwell GPU supply contraints are overcome in 2025

YTL DC3 has 80MW IT load and is for a hyperscaler mentioned before

YTL DC6 is for 40MW IT load and is a built-to-suit data centre for a large multinational corporation (MNC) customer. This data center is expected to be ready for service in mid 2025. This is new to me, which I have not inputed any earnings contribution for.

Posted by Max2838 > 1 month ago | Report Abuse

There was an initial plan for YTL Power to partner with Super Micro Computer for their data center project in Malaysia.
However, due to Super Micro's financial difficulties, YTL Power has shifted its focus to Wiwynn, a Taiwanese company, to fulfill its AI data center order.

This is a factual info....

Posted by Max2838 > 1 month ago | Report Abuse

WiWynn is a profitable Cloud IT global company...its 2024,qtr2 net profit is about USD 142 M

Posted by Max2838 > 1 month ago | Report Abuse

Wiwynn has completed Phase 1 of server rack integration and was supposed to complete the Phase 2 project of construction of server PCBA plant by end of 2024.

In another 5 weeks time, it's already Christmas..... so likely, no fireworks!

Posted by Antifanaticracism > 1 month ago | Report Abuse

A lot of beautiful plan and assured expectations. There are so many uncertainties. Company intents to carry the pan as soon as in time as possible, but there are many external factors beyond company control. The availability of the right chips to be purchased and at what price.
Can the company get enough users and at what price. Many companies are into DC business

Posted by Antifanaticracism > 1 month ago | Report Abuse

High risk for high returns.

Posted by MrFox > 1 month ago | Report Abuse

Bit coin 90000++
Wow

Posted by cktay > 1 month ago | Report Abuse

Thank you Dragon for doing the investigative work.
I am grateful that the YTL investor relation dept and YTL DC chief took the trouble to answer your queries
Now, this info is being shared among all investors, which include I am sure some analysts may also be following what you write.
“Nvidia sells the whole thing as a complete system”
GB200 NVL72 connects 36 Grace CPUs and 72 Blackwell GPUs in a rack-scale design. The GB200 NVL72 is a liquid-cooled, rack-scale solution that boasts a 72-GPU NVLink domain that acts as a single massive GPU.
So this info tallies with “The IR dept added that YTLP buy the GPUs in cabinet servers so they have no exposure to Super Micro” as written by you.

Posted by cktay > 1 month ago | Report Abuse

The Blackwell systems are already started running from last month Oct with “Microsoft becoming first cloud to offer Nvidia Blackwell system”
https://www.datacenterdynamics.com/en/news/microsoft-becomes-first-cloud-to-offer-nvidia-blackwell-system/
If YTL is the first to deploy the Blackwells outside the US, that will really be an eye opener worldwide.
But definitely “YTL will be among the first companies to adopt NVIDIA GB200 NVL72”
“Data centre investment on course, says YTL Power” The Edge Malaysia 12 Nov 2024.
Rest assured …. It’s coming!

Posted by Antifanaticracism > 1 month ago | Report Abuse

Bitcoin going to plunge to 60k. Sell now

Posted by sexy > 1 month ago | Report Abuse

Super calm sea means high tide is coming. RM4

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

INVESTORS, [2024-11-12 3:00 AM]
https://theedgemalaysia.com/node/732608

this huge Advert above, cld be working well soon....

RANHILL

"The data centre influx in Johor suggests water demand will increase by about 30% in the next
few years — not including in the Johor-Singapore Special Economic Zone — compared with a
water reserve margin of less than 10% now, says YTL Power’s managing director Datuk Seri Yeoh Seok Hong.

That is an additional demand of over 600 million litres per day (MLD) from currently."

so new additional profit to RANHILL =

600,000 m3 x $2.50/m3 profit min x 365 day p.a. = a HUGE $547.5 million p.a.
This profit is certainly growing into the next few years as the new-owner stated.

Posted by chopstick > 1 month ago | Report Abuse

coming soon

Posted by wkc5657 > 1 month ago | Report Abuse

@dragon328 @cktay

the main possible risk for supermicro's debacle to ytl is that, ytl may receive their hardware later/delayed...not that the data centre project will be in jeopardy

well ytl in unlikely to end up at the end of the que to get their required quantity of hardware, but supermicro being out of the hardware assembly supply chain will possibly disrupt the timing of receiving for ytl....unless nvidia really arm wrestle the other assemblers and clients in que within the same time of ytl putting order....

Posted by dragon328 > 1 month ago | Report Abuse

@wkc5657, you may make whatever assumption you want, but I have conveyed the clarification from YTL side. And I believe what was said from the horse mouth, that is there will be no delay in YTLP rolling out the AI data centre in early 2025.

You may choose to dig further info from your own sources and to listen to hearsay from whatever writer posting news on the tech website, that is your issue, not mine.