YTL POWER INTERNATIONAL BHD

KLSE (MYR): YTLPOWR (6742)

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Last Price

0.89

Today's Change

+0.025 (2.89%)

Day's Change

0.855 - 0.90

Trading Volume

10,765,600

Overview

Market Cap

7,261 Million

NOSH

8,158 Million

Avg Volume (4 weeks)

16,827,430

4 Weeks Range

0.75 - 0.92

4 Weeks Price Volatility (%)

82.35%

52 Weeks Range

0.655 - 0.92

52 Weeks Price Volatility (%)

88.68%

Previous Close

0.89

Open

0.865

Bid

0.885 x 10,000

Ask

0.89 x 62,300

Day's Range

0.855 - 0.90

Trading Volume

10,765,600

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2022 [#2] | 23-Feb-2023

Next QR | Est. Ann. Date

31-Mar-2023 | 26-May-2023

T4Q P/E | EY

4.61 | 21.70%

T4Q DY | Payout %

5.02% | 23.14%

T4Q NAPS | P/NAPS

1.74 | 0.51

T4Q NP Margin | ROE

8.00% | 11.11%

Company Profile

Sector: UTILITIES

Sector: UTILITIES

Subsector: GAS, WATER & MULTI-UTILITIES

Subsector: GAS, WATER & MULTI-UTILITIES

Description:

YTL Power International Bhd is principally an electric utility company that generates and transmits electrical power throughout Southeast Asia. YTL Power produces energy through its subsidiary utilities companies that, collectively, operate a portfolio of combined-cycle, gas-fired, steam, and co-generation power plants. Most of YTL Power?s total energy production occurs at its facilities in Singapore. The company also owns a water and sewage services company in the United Kingdom and provides broadband and telecommunications services through its ownership stake in YTL Communications in Malaysia. YTL Power generates most of its revenue by selling electricity, particularly in Singapore. The company?s water and sewage services company also contributes significant revenue.

Discussions
24 people like this. Showing 50 of 13,155 comments

wallstreetrookieNEW

Time to collect

1 week ago

wallstreetrookieNEW

NTA RM1.75

1 week ago

wallstreetrookieNEW

Don't sell this quality stock

1 week ago

Ran271221

Saya tak jual kerana EPS meningkat dan dividend yg lumayan.

1 week ago

TerrenceLim

Privitisation offer... RM1.35

Still 50% upside at least

Better get it before trading halt

1 week ago

xiaochen

马国的Agong讲话啦,Agong都希望马国和新加坡好好合作做生意,特别是数码经济、绿色经济以及粮食安全。
https://www.chinapress.com.my/?p=3355417

1 week ago

xiaochen

私有化,机会非常非常低,RM1.35是不可能的啦。
按照杨家的pattern,要私有化,早在5毛6毛就可以进行了。
杨家是不会等到今天八毛半才来私有化,更不会抬高价钱到RM1.35来私有化。

1 week ago

myloh123

Yes, it's nice to dream.

1 week ago

kcwong98

Dear Dragon or any who can assist

I have read all your 3 reports regarding YTL Power detailed analysis. Thank you for the fantastic hard work· But Brabazn land was not included in the valuation or may be i missed.

1. Are they using percentage completion method or completed method in the financial statements? I am not good enough to track on the income statement and balance sheet for development cost and land cost.
2. I also could not track the land was purchased in 2015 or 2009 (can not track in balance sheet).
Thank you so much.

Basic information:
Stated in the 2021 annual report: The first phase Brabazon residential property, comprising 302 units apportioned to 127 landed and 175 apartment units has been sold and targeted to be
completed in stages in 2024.

This 354 acres Brabazon land has a GDV of £2.5B (myr 13.67B, this is substantial) comprises approximate 3,675 homes, including studio, one, two, and three-bedroom apartments, as well as two, three, and four-bedroom houses, 62 acres of commercial space, and community facilities such as three schools, a library, a doctor's surgery, 17,000 capacity entertainment arena (3rd largest in UK) and sports facilities. (Wonder the financing for the arena is completed.)

Understand YTL Development UK, a wholly-owned subsidiary of YTL group, acquired the disused Filton airfield and the nearby Brabazon Hangars in 2015 from BAE Systems. But BAE disclosed 2009 the hangars was sold for £120 million.

1 week ago

wallstreetrookieNEW

YTLPOWR-C22 early movers

1 week ago

wallstreetrookieNEW

YTLPOWR-C23

1 week ago

wallstreetrookieNEW

YTLPOWR-C23 +14.29%

1 week ago

dragon328

@kcwong98, I am afraid that I have no more information on the UK Brabazon land development than what you already stated above.

On paper, the GDV looks big at 2.5 billion pounds or RM13.7 billion. If we assume a gross development margin of say 15%, there will be a gross margin of RM2.0 billion to be realised over next 10 years or so.

As I understand it, property projects in the UK can be booked in only when the houses are completed and handed over to buyers, so we do not see any contribution yet from this project.

1 week ago

kcwong98

@Dragon328
Thank you for the update and prompt response. If it is completed method as you mentioned, 2024 onward will have higher profit from property development. However, there is zero for property development cost in assets, and can not track AP for the progress payment received (liabilities) in the balance sheet.

I think there,are 2 portions of the property here, 1 for residential & commercial properties for sales; 2 Entertainment Arena and Sport facility (i think for lease).


1 Brabazon - you may trace from the launching of the recent property.

1 week ago

wallstreetrookieNEW

You guys should put 10% of capital in YTLPOWR warrants. It's literally free money

1 week ago

wallstreetrookieNEW

90% YTLPower ordinary shares, 10% YTLPOWR-C23
Perfect portfolio

1 week ago

wallstreetrookieNEW

take advantage of the low premiums. not just low premium, but 0 premium

1 week ago

hoplanner

wallstreetrookie..... I am new to structured warrant. Can briefly explain? is there an expiry date for this warrant? Conversion price is 70sen and at 20sen it is about the price of mother share ...... this isn't an attractive option to buy or as you term it free money.

1 week ago

wallstreetrookieNEW

it was literally free money two weeks ago.

6 days ago

hng33

bought back ytlp at 86sen

6 days ago

hng33

Accumulated back all ytlp at 86sen

6 days ago

Muyutin

sold at 87-87.5sen ahead of 15 Mar UK budget announcement on corporate tax
(COLLECT BACK AT 86SEN
CAN EARN MONEY??)

6 days ago

ChloeTai

I join you all at RM0.86.

5 days ago

curiousq

Bot a little C23, if higher than 0.85 by 31Jul, gain ..... if less than 0.70, all cap gone

2 days ago

xiaochen

YTL Power Investments Ltd.'s application seeking capital gains tax relief from the Australian government failed to raise a proper argument for the court to consider and would stand little chance of succeeding, according to the order granting the government's request to dismiss the case.

2 days ago

xiaochen

Malaysian Co. Loses Australian Capital Gains Tax Relief

不能看此报道的详细内容,只能看部分内容,因为需要付费才能看详细内容。

很可能是上个星期股价被拉升的原因吧。

2 days ago

xiaochen

看来应该被课了不少的税。

2 days ago

dragon328

@xiaochen, was the application for capital gain tax relief related to the disposal of Electranet in Australia?

2 days ago

xiaochen

Big possibility yes. But im not sure about it, because the news is restricted for me to read the remaining contain. That's all the info i can read. Sayang the application is failed.

2 days ago

Alwinb

From the 3rd quarter fye 2022 cash flow, YTL Power only recognised 1.9 bil, which included 1.2 bil (i/o 2.2 bil) profit from Electranet disposal. Difference could be due to Capital Gain Tax

1 day ago

xiaochen

Law360 (March 24, 2023, 4:29 PM EDT) -- A Malaysian company was denied tax relief on the sale of its stake in an Australian power transmission operator because its challenge was improper and unlikely to succeed, the Federal Court of Australia ruled Friday.

1 day ago

kcwong98

Annual Report @ 30/6/2022 page 214 disposal of Australia’s ElectraNet
Note 15
(b) Investment in associates (continued)
(i) Divestment of an associate

On 23 March 2022, YTL Power Investments Limited, an indirect wholly-owned subsidiary of the Company disposed of its 33.5% interest in ElectraNet Pty. Ltd. for a cash consideration of RM3.222 billion (AUD1.024 billion) resulting a gain on disposal of RM1.272 billion.

The disposal had the following effects to the financial position of the Group for the financial year:

RM'000
Sales consideration net of transaction costs. 2,196,575
Less: Carrying amount of loan notes (230,007)
Consideration received. 1,966,568
Less: Net assets disposed.(665,198)
Gain on disposal before reclassification of other comprehensive income items 1,301,370
Reclassification of hedging reserve (38,452)
Reclassification of currency translation reserves 9,341
Gain on disposal 1,272,259

1 day ago

kcwong98

Can anyone explain: Transaction costs of RM1B inclusive of provision of tax, commission, legal, advisory consultation and facilitation fees?

1 day ago

Alwinb

My guess is CGT was imputed into the transaction. As per the circular, the profit from Electranet disposal is 2.2 Bil.

1 day ago

Alwinb

There Federal court ruling has not material impact to YTL power bottom line else there would be announced in Bursa

1 day ago

hng33

Upon completion of the disposal, the group will recognise a gain of RM2.21 billion, based on the carrying value of the investment as at June 30, 2021.....
https://www.theedgemarkets.com/article/ytl-power-dispose-entire-stake-australias-electranet-rm3-bil

YTLP indicate the disposal realize net gain RM 2.2 billion, but in actual only RM 1.2 billion recorded which is due to Austrialia impose 50% capital gain tax on YTLP disposal gain last year. YTLP is seeking to waive capital gain tax due to the electranet stake is long term investment, but, unsuccessful.

If appeal granted, YTLP will able to recoup back RM 1 billion from last year transaction already

1 day ago

kcwong98

Can i inteprete this way:

Probably the tax is 30%. YTL Power failed to get the 50% capital gain (discount) tax relief.

1 day ago

dragon328

I think what hng33 interpreted above is probably right. That might be the reason why YTLP only got back RM1.966 billion of sales proceeds immediately after the sale at RM3 billion.

The shortfall of RM1.0 billion was most likely due to provisions for this capital gain tax and some other transaction costs.

In any event, I see this court decision as a temporary setback to YTLP, and I see scope for further appeal. I bear the same thinking that the investment in Electranet was a long term investment of >20 years and should not be subject to this capital gain tax.

If YTLP appealled further and won the case, then it would be a bonus of getting few hundred millions of ringgit back, if it does not appeal further or lose the case, then it is case closed and will not affect its operations in any way. YTLP will still be in net cash position at holding level and have all sufficient cash to proceed with all projects in hand like the green data centre projects, Jordan power plant, potential power export to Singapore etc.

1 day ago

ChloeTai

Everyday also sleeping, moving sideway. So boring.

1 day ago

kcwong98

Thank you so much

1 day ago

ChloeTai

How nice if the kaki goreng choose the energy industry to be goreng, just like what they did to the glove counters. One day show also good enough already.

1 day ago

hng33

:D)

9 hours ago

hng33

need more breakout momentum and sustain above 90sen

8 hours ago

hng33

EPF is buying, next resistance level st 95sen

6 hours ago

myloh123

Upside 20sen...dun sell till reached 109sen...oil price drop is good for utilities

6 hours ago

xiaochen

knock knock on 90c...

5 hours ago

curiousq

curiousq
Bot a little C23, if higher than 0.85 by 31Jul, gain ..... if less than 0.70, all cap gone
```````````````````````````````````````````````````````````
sold C23 and earn some money ..... be careful the market maker, it is unfair to buyers, when YTLPW=0.85, C23 sold @0.15, no premium ..... when YTLPW=0.90, C23 =0.175, discount 2.5sen ..... CIMB is a dishonest bank

5 hours ago

curiousq

If I buy the mother share I will buy more, bcos it will not lapse but can enjoy div.
I will earn more if I have bot the mother share, those thinking to buy CW issued CIMB, beware !!

5 hours ago

curiousq

many transactions are done between themselves, when the mother share was 0.895/0.900, can only sold at 0.175 (highest price done), after I sold, the mother share was 0.885/0.890 (go lower), then they made the price 0.18 ......

4 hours ago

curiousq

They are not using a warrant pricing model to fix the price, but base on whether their clients are still holding/sold their holding ...... CIMB is a dishonest bank, beware !!!

4 hours ago

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