YTLPOWR: Additional Listing of Shares

Ytlp will be handcuff

2 days ago

This is a v sticky problem

2 days ago

It can't be settled in short time. Now and then it is mentioned in papers, it's price drop. Is like a pain in the ass

2 days ago

fx115w

What if, I said what if, at the end of the day, they found out that previous government wrongfully terminated YTL? Hahaha, things
getting interesting

2 days ago

cwc1981

8tv news just mentioned MACC to call in more witness for 1bestarinet

2 days ago

fx115w

Big company like Google, Facebook also occasionally being fined for
breaching some laws. Just pay fine and settle lar. Very hard? You want to
punish a company who earn tonnes of foreign money for the country?

Got energy go after those crap evil
like GISBH lar.

2 days ago

DoctorM

Need not worry , Jensen H is now a good friend of Mr.Yeoh , RM4 B is only USD 500M , just google up his net worth , it is USD111B , RM440B , Both YTLs are now worth RM50B+ , still less than 15% of his net worth . This is what we call wealth .

2 days ago

Nvidia is climbing higher now.

2 days ago

PureBULL ...

Malaysia among Top 20 markets for financial inclusion:

https://www.thestar.com.my/business/business-news/2024/10/09/malaysia-among-top-20-markets-for-financial-inclusion

🔝 ✔️ KLCI
would do well again like in the good heydays of super bull run 1993, up to 1997/98 Asean Fin Crisis.
FF with deep pockets, would focus more on index component stocks for outperformance.
YTLP, the new KLCI stock peaked at 544 crashed n down more due to that class action case
on its losing sub 60% stake co. i.e. of no meaning to the group.

YTLP, a low PER 8.6 is on high growth biz in AI DC + Solar RE in JB.
NB,
a. both these brand NEW biz r perpetual growing biz for life!
n its being financed by high profit of SIN IPP to grow at high speed success.
isn't that so wonderful to be its s/holders?
b. ytlpowr has the lowest PER amongst all the 30 component stocks of our KLCI.
n so FF will go after the value investing 1st n with growth of AI DC + RE.

RECOVERY phase begins with the NICE 1st HL.
Going higher than 1st HH of 383 would mean a series of HL value is on the way:

https://www.tradingview.com/x/An8pHC6s/

1 day ago

To make PureBULL sifu happy, hope the share price of YTLPower can cross 3.70 today.
3.69 is at 20-day EMA.
Hope the uptrend will start soon.
Good luck.
Thank you.

1 day ago

facsc118

ppl look to future lol......still use old news to scare ppl hope ppl throw ticket to you meh

1 day ago

chopstick

take profit

1 day ago

ValueInvestor888

look like bottoming at 3.5+.
MACC news already priced in.

1 day ago

TanDavid88

Posted by fx115w > 13 hours ago | Report Abuse

Big company like Google, Facebook also occasionally being fined for
breaching some laws. Just pay fine and settle lar. Very hard? You want to
punish a company who earn tonnes of foreign money for the country?
=============
No issue at all.
As long as no corruption, small mistake on the spec, payback over charge only.
Cannot claim back 176 million is ok for YTL Communications.
Once MACC case is resolved, the share price of YTLpower will rocket up the roof.
The profit from AI DC memang besar.

1 day ago

Looks more like 4 years

1 day ago

wangge

Dear all, frankly speaking, friendly YTLpower forumers should thankful and grateful to Dragon328 and OTB who sincerely sharing what they researched and analysed with us, MY sincere thanks to them without prejudice, even though they may have indirect and direct interest in YTLpower when price appreciated, it is ok and fine as all of us benefit and prosperous together mah, all happy together, it is nothing wrong.

I am old timer in market investment , most likely older than OTB. Already retired 15 years from MNC's senior management, however still have good business sense of future trend what will be next super bull sector for 5 years 10 years to come. What else ? haha AI DC lah. As Purebull said Nvidia ( USD 3.1T market cap) partner and collaboration with YTLpower, what are you waiting for? Still want to sent negative news and waiting for YTLpower to drop further below RM3.3? Sure we can dream and continue to dream. From my perspective, since young ages to old uncle as a technology man, my BET my BET still YTLpower . We all can imagine the 500MW GREEN DATA CENTER on 1664 ACRES Land bought from Boutead Young estate only RM6. From simple math, how much this piece of land could generate Revenue and profit to YTLpower when 100MW, 200MW, 250MW etc ......are in operational and leasing out. If we cant imagine, we may do ratio analysis of Equinix ( cloud n AI DC leader) , Qtrly PAT around USD350M.

One more thing , if surrounding kulai land for sales already appreciated to RM50 to RM150 for per SQFT for DC purposes ?. Someone can help me to verify as I am from Penang.

Tropicana just disposed 38 acres Johor land to Computility Technology SDN BHD priced at RM239M for cloud/DC business. It is equivalent RM150 per SQFT. Haha , YTLpower land only RM6 vs others RM150 SQFT, most likely the premium location perse. Interestingly is the YTLpower management's long sighted has a bold move and win at a first mile of DC competition.

Congratulations to all long term investors, trust you all will laugh all the way to the banks 2 years from now.

1 day ago

Thank you @ Mr wangge for your good words.
Since everyone is happy to share, I also want to share my write-up below.
Thank you.

1 day ago

ValueInvestor888

That's right, i can hardly find any stocks in Bursa with such undemanding valuation in term of PE and forward PE and business prospect.

YTL n YTLP are having 3 months correction and consolidation which is normal...both should be bottoming at RM 3.5++

1 day ago

Nvidia will invest 100 MW of AI data centres in FY 2025/6, a hyperscaler will lease 40 MW + 40 MW in FY 2026/7.
Sea Ltd will lease 48 MW data centres without AI in stages from FY 2025/6.

Constraints
It is very difficult to find out the actual customer beside Nvidia because this information is confidential now.
The amount of MW required by the customers of YTL Power and the timing of finished construction of data centres building to be handed over to the customers are very important to determine the projected profits.
The customer is using an AI data centre or data centre without AI (as a storage only). The rental fee for an AI data centre is a few times more expensive than a normal data centre without AI.
The actual MW usage of all customers for financial years.
Can 100 MW AI data centres be ready in FY 2025 and FY 2026 ? I will assume 50 MW in FY 2025 and > 100 MW in FY 2026.
Do not know whether the data centre is using H100 chips or the latest Blackwell GB200 GPU chips which are more expensive and almost twice the selling price of H100 chips.

Assumptions
I will assume the first 50 MW AI data centre and 30 MW data centre without AI utilise in FY 2025.
I will assume the first 100 MW AI data centre and 48 MW data centre without AI utilise in FY 2026.
I will assume the first 180 MW AI data centre and 48 MW data centre without AI utilise in FY 2027.
I assume this data centre will use H100 chips in FY 2025 and FY 2026. If the latest Blackwell B200 GPU chips are used partially in FY 2026, the revenue will increase accordingly. I have no problem taking a lower revenue in FY 2026.
According to the latest information I gathered, the hourly rate charged in the leasing is ranging from US$4.40 to US$6.65 per hour in the US. This charge is applicable to the US market only. In actual fact, the land cost and infrastructure cost are cheaper in Malaysia, hence it is not advisable to use the US rate to apply in Malaysia. Thus, I decided to follow the hourly rate charged by Macquarie's analyst at US$3.25.
I decided to use the profit margin of around 30% of the revenue. I prefer the profit margin to be lower so that I will not inflate the target price of YTLPower.
I will use the yearly profit of 2.1 million for every MW of data centres without AI leased out to the customers.
Please note this statement made by Jensen Huang in the US presentation. "According to Jensen Huang, for every dollar a cloud service provider spends with Nvidia, it translates to $5 worth of rentals. The profit margin of the AI data centre is very huge (400% margin)".
I believe there is no tax on the profit of YTLPower from the data centres project.

Calculation
If the charge per GPU per hour = USD 3.25 (50 MW) for FY 2025
Total revenue per year = USD (3.25*78.432*24*365/1000)/2 = USD1116.480 million
Exchange rate (1 USD = RM 4.20) = RM4689.214 million
Net profit margin (30%) = RM1406.764 million
Net profit from leasing 30 MW to Sea Ltd per year = RM63.000 million
YTLPower owns 60% of this data center.
The net profit from YTLPower = 881.859 million per year
Number of shares issued = 8.264 billion
EPS = 0.107
FY 2025
EPS from DC = 0.107
EPS from the existing business less 10% due to appreciation of RM = 0.387
Total EPS = 0.494
Assume PER = 10, the target price = 4.94
Assume PER = 15, the target price = 7.41

Calculation
If the charge per GPU per hour = USD 3.25 (100 MW) for FY 2026
Total revenue per year = USD (3.25*78.432*24*365/1000) = USD2232.96 million
Exchange rate (1 USD = RM 4.20) = RM9378.428 million
Net profit margin (30%) = RM2813.528 million
Net profit from leasing 48 MW to Sea Ltd per year = RM100.800 million
YTLPower owns 60% of this data center.
The net profit from YTLPower = 1748.597 million per year
Number of shares issued = 8.264 billion
EPS = 0.212
FY 2026
EPS from DC = 0.212
EPS from the existing business less 10% due to appreciation of RM = 0.387
Total EPS = 0.600
Assume PER = 10, the target price = 6.00
Assume PER = 15, the target price = 9.00

Calculation
If the charge per GPU per hour = USD 3.25 (180 MW) for FY 2027
Total revenue per year = USD (3.25*78.432*24*365*1.8/1000) = USD4328.505 million
Exchange rate (1 USD = RM 4.20) = RM18179.722 million
Net profit margin (30%) = RM5453.917 million
Net profit from leasing 48 MW to Sea Ltd per year = RM100.800 million
YTLPower owns 60% of this data center.
The net profit from YTLPower = 3332.830 million per year
Number of shares issued = 8.264 billion
EPS = 0.403
FY 2027
EPS from DC = 0.403
EPS from the existing business less 10% due to appreciation of RM = 0.387
Total EPS = 0.790
Assume PER = 10, the target price = 7.90
Assume PER = 15, the target price = 11.85

1 day ago

Target price of YTLPower set by broker
HLIB - 7.45
Macquarie - 7.30
Affin - 6.45
TA - 6.39
MIDF - 6.39
RHB - 5.94
CIMB - 5.50

Recommendation
It is very difficult to forecast the actual profit of YTLPower until a clearer picture surfaced. All the above projected profits are based on my assumptions only. I just try my very best to project this future profit so that all my valued readers are better informed and ensure they invest in this good fundamental stock to win big.
I believe the share price of YTLPower cannot move up north temporarily due to an investigation by MACC on YTL Communications. We have to wait for a while to let his investigation be resolved. YTLPower is an international company doing business in many parts of the world. YTLPower helps Malaysia to earn a big sum of money from foreign countries, it is logical that the government cannot afford to do a big harm to her unless it is a big corruption scandal involving YTLPower.
I believe the share price of YTLPower at 3.30 is the bottom price, hence the downside is limited now. I will not cut losses anymore. I will Just hold on to the share because the upside potential is very big due to huge profit from AI data centres. I will ignore current bearish market sentiments and also the bearish technical chart. I will just keep YTLPower shares on a bit longer term basis.
Please note that many shortiests are not brave enough to short YTLPower shares because they know that the big profit from AI data centres will come into effect in FY 2025 and FY 2026/7.
I have been studying the AI data centres in the US and Nvidia for a long period of time, I just cannot believe that the potential profit from AI data centres is so huge.
There must be a good reason why all brokers in town are recommending a high target price for YTLPower. I believe the potential is from the AI data centres.
I dare not aim so high on the target price for FY 2025, if the share price of YTLPower can hit a high around 7.45 as recommended by HLIB, I will feel very happy and laugh all the way to the bank.
The target price for FY 2026 and FY 2027 will be very high because of the full capacity of AI data centres of more than 100 MW are utilised. We can have a better understanding once we read the annual report of YTLPower for FY 2025.
Oracle will invest US$6.5 billion in AI cloud and data centres in Malaysia. It will be very good news if Oracle really participates in the AI data centres of YTLPower like Nvidia. I believe this information will be available soon since Oracle has no intention to buy land and build AI data centres herself. If Oracle is keen to work with Nvidia on AI data centres, it is a logical choice to select the AI data centers of YTLPower.
It's quite plausible that Oracle might consider leasing data center capacity from YTLPower, especially given the established partnership between YTLPower and Nvidia. Oracle is deeply invested in providing AI services and cloud infrastructure, and its collaboration with Nvidia is central to this strategy. Since Nvidia has partnered with YTLPower to establish a 100 MW data center in Johor, Malaysia, it's reasonable to assume that Oracle could utilize these facilities to support its AI-driven cloud services, particularly for Nvidia-related infrastructure like NVIDIA DGX Cloud.
I believe Oracle may lease 50 to 100 MW AI data centres in Johor from YTLPower in the near future. If this information is true, the potential profit from this AI data centre will be huge to the extent of > RM10 billion per year based on the aforesaid calculation. The future potential profit from these AI data centres will be the core business of YTLPower. I also believe the share price of YTLPower will cross RM10.00 easily if the above deal is struck.
The Nvidia supercomputer will help the share price of YTLPower to go up to new highs.
YTLPower is very lucky to be selected as a partner of Nvidia in this AI DC project.
It is not so easy to find a very good fundamental and strong growth stock like YTLPower. Hence just buy and hold YTLPower on a longer term basis.
If you buy YTLPower shares around RM3.70, if the share price of YTLPower is able to hit the target price of RM7.45 set by HLIB, the ROI is > 100%.

The final decision to buy is always yours.
Good luck.
Thank you.

1 day ago

wangge

OTB, yes I am dreaming n waiting YTLpower to cross RM10 years to come . Trust my dream will come true n real ya 🤝🤝🤝

1 day ago

dragon328

Mr. OTB, good calculations above. Your projected earnings from the AI data centre business is more or less close to my earlier calculations though I was using an assumed leasing rate of just USD2.50 per hour per GPU.

You are probably right that the leasing rate has moved up substantially, especially after Blackwell was introduced and the pricing of Blackwell is higher than the Hopper series. My earlier assumption of US$2.50 per hour per GPU now looks too conservative.

On another note, I notice that some parties have overplayed the currency fluctuation effect on YTLP earnings. It is good that you have used a conservative assumption of 10% impact from FX, but I won't expect that much of an impact in reality.

FYI, USD has since strengthened to above RM4.35 and SGD has strengthened to RM3.285 today, which is less than 5% impact from my earlier assumption of SGD1.00 = RM3.45.

1 day ago

@ Mr dragon328,
Thank you for your comments.
Currency exchange rate is very difficult to predict.
I just try to use a higher rate so that my EPS is lower.
Thank you.

1 day ago

dragon328

Furthermore, the inflation effect on YTLP's subsi business will partly offset the negative FX impact, eg. Jordan Power PPA has got inflation adjustment in the O&M cost recovery component and mining operating costs component, an 5% CPI/PPI rate will partly offset the 10% weakness in USD.

Another example is that when crude oil prices rise, the generation costs in Singapore electricity will rise in tandem, as most of the generators there are CCGT that burns PNG or LNG, both are linked to crude oil prices. Hence, USEP and wholesale prices / retails prices will all increase proportionally. Often there is a lag effect in the increased gas costs to the increase in retails prices, as the gas costs are based on forward gas/oil prices but retails price may be raised immediately for the following months the next day when retails contracts are signed. Gencos will always priced the retails prices slightly higher when oil prices increase, hence there is always an additional hidden margin when retails prices are adjusted. Both steps will have positive effect onto Gencos' margin, which will partially offset against the negative FX impact.

Furthermore, Bank of England is ready to cut rates further after the jumbo rate cut by US Fed in September, and this will help to lower interest expenses of Wessex substantially. A 1% rate cut will help Wessex to save some GBP10m of interest expenses a year as it has about GBP1.0 billion of floating rate debts. Lower fund rates will help Wessex tremendously in next 5 years as Wessex embarks on its massive capex programmes and will be able to raise new debts at much lower rates. A 2% rate reduction in new debts issuance of GBP2.5 billion will help save a massive GBP50 million in interest expenses every year. That will be more than offset the 3% impact from the strengthened ringgit against the pounds.

1 day ago

@ Mr dragon328,
I predict Oracle and Microsoft will collaborate and lease AI data centres from YTLPower because of the collaboration of Nvidia with YTLPower.
If my prediction is true, the share price of YTLPower will be very high.
I put very high hope on this prediction.
Thank you.

1 day ago

ks55

If YTLP can cross 3.70, it may come to 3.80
If YTLP can cross 3.80, it may come to 4.00
If YTLP can cross 4.00, it may come to 5.00
If YTLP can cross 5.00, it may come to 6.00
If YTLP can cross 6.00, it may come to 8.00
If YTLP can cross 8.00, it may come to 10.00

Conversely:
If YTLP can come down to 3.60, it may come to 3.50
If YTLP can down to 3.50, it may come to 3.20
If YTLP can down to 3.20, it may come to 3.00
If YTLP can down to 3.00, it may come to 2.80
If YTLP can down to 2.80, it may come to 2.50
If YTLP can down to 2.50, it may come to 2.20
If YTLP can down to 2.20, it may come to 2.00

What I know before a share can shoot up to 10 ringgit, it must first to cross 6 ringgit, then 8 ringgit, then only 10 ringgit.

I am very certain the logic above represent the truth.

1 day ago

ks55

Everything talk about probability, or likelihood.

1 day ago

ks55

If you take up a Quantitative Analysis course, there is a classic example how to choose between 2 stocks.
Stock A give you a chance of making 100% with 10% probability.
Stock B give you a chance to make 30% with 90% probability over same time frame.
Which stock would you buy?

1 day ago

PureBULL ...

NOBODY knows the probability of success rate n or the quantum of gains in % of a stock.
to me, those 2 scenarios r Opportunity.
i will hoot.9.e on 1 condition,
at a NICE HL entry pt.

then RISK begins.
i.e. Protect the downside, UPside will take care of itself,
as advised by world # 1 iliot pres dtrum.

Importantly, in msian stocks, know the character of the stock.
Buddha said, What u practise is what u become.
that line applies to msian GWS too.

YTLP is macam sotong now.
it was once v fast to anger.
be prepared well, it would be again.

1 day ago

100x10 =1000%
30x90 = 2700%
Definitely chose B

1 day ago

Bernard85

It's going back up to RM4, I think

1 day ago

Nvidia is surging again as at now.

1 day ago

Beta Ipoh

（charge per GPU per hour = USD 3.25 (180 MW) for FY 2027
Total revenue per year = USD (3.25*78.432*24*365*1.8/1000) = USD4328.505 million
hi Mr OTP may i ask u what is 78.432 and 1.8 and 1000？

1 day ago

@Beta Ipoh,
USD (3.25*78.432*24*365*/1000), the amount expressed in million.
The above is the formula to calculate 100 MW of AI data centre.
I get this formula from the analyst report.

If I use USD (3.25*78432*24*365), the amount is expressed in billion.
180 MW = 1.8 * 100 MW.
Hope I explain.
Thank you.

1 day ago

Beta Ipoh

tq andwhat is 78432？

1 day ago

78,432 is derived from below.

Number of GPUs in one server 8 Details
Number of servers (100MW divide by 0.0102) 9,804
Number of GPUs in total 78,431

Thank you.

1 day ago

Beta Ipoh

wa！！very very nice explain。
sorry sifu ，i really don know then i ask you。now i more understand the fomula 。
OTP sifu Tq for ur explain。🙂

1 day ago

Nvidia closed all time high

20 hours ago

klee

HOOT

18 hours ago

chopstick

good news coming soon

17 hours ago

Bernard85

YTL Power is rebounding. Let's see if it can close above 3.70 today

16 hours ago

Income

Still got the power

15 hours ago

newbie9893

wah....3.70 cleared, heading to 3.80 ...go...go...go

13 hours ago

Kenokaya

Go go…you got the power,

12 hours ago