YTL POWER INTERNATIONAL BHD
KLSE (MYR): YTLPOWR (6742)
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Last Price
1.30
Today's Change
+0.06 (4.84%)
Day's Change
1.25 - 1.34
Trading Volume
38,977,200
Profile
YTL POWER INTERNATIONAL BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: UTILITIES UTILITIES
Subsector: GAS, WATER & MULTI-UTILITIES GAS, WATER & MULTI-UTILITIES
Index Group: UTILITIES UTILITIES
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: No No
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
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Discussions
25 people like this. Showing 50 of 13,378 comments
D328, i think we hv been too conservative in our forecast of future earnings. If u ask me, ball park ytl power future forecast stk price sud b easily worthed rm 3 to rm 4
4 days ago
Dividend of 2.5 sen is declared for this Q3, higher than the 2.0 sen declared last year.
YTLPower typically declares a higher final dividend in Q4 ended June. Let's wait for good news in Q4 in August then, expect higher than last year as well.
Operating cashflows for the 9 months ended Mar 2023 amount to RM2,159 million (before capex), expect another RM700 million more cash flows coming in the final quarter. This can easily fund a final dividend of 4.5 sen or a dividend payout of RM365 million.
4 days ago
myloh123, yes we have been too conservative in our earnings projection after looking at this Q3 earnings. One quarter it makes net profit of RM507 million, one year YTLP will make net profit of RM2.03 billion or EPS of 25.0 sen.
Yes I agree that YTLP should trade to at least RM2.00 a share even at a low PER of 8x.
Not to forget that net profit will improve further in coming quarters on the following reasons:
1) Current heat wave that spurs up electricity demand, hence pushing up electricity prices
2) Strong Singapore dollars to over RM3.40 will make PowerSeraya earnings contribution to increase further in ringgit terms
3) Maiden contribution from Jordan power in next quarter or following
4) Improved earnings from Wessex Waters from Q4 onwards after water tariff hikes
5) New earnings contribution from green data centres from Q1 2024
6) New earnings contribution from digital bank venture from Q2 2024
7) Potential more green data centre jobs to be secured in coming quarters
8) Potential power export to Singapore in next 5 years after Malaysia government lifted up the ban of RE export earlier this month
4 days ago
If we factor in some of the earnings contribution from the above 8 factors, YTLP earnings may go up 50% more by next year and double or triple up in 2-3 years, with dividends going up to 20 sen to 25 sen every year, which will support share price to RM3.00-4.00 per share.
I will load up more for sure at below RM1.20 now.
4 days ago
Wondering if EPF guy regret selling or not. or they just trying to liquid their share to cash. now gap up + dividend soon.
3 days ago
HLIB Research is optimistic about YTL Power's prospects
https://www.nst.com.my/business/2023/05/913506/hlib-research-optimistic-about-ytl-powers-prospects
3 days ago
RHB research
We are also guided that the 45%-owned oil shale plant in Jordan has commissioned its first turbine but could incur start-up losses.
3 days ago
https://klse.i3investor.com/web/blog/detail/dragon328/2023-05-26-story-h-269658206-YTL_YTL_Power_Croaching_Tiger_Hidden_Dragon
An update note based on the latest quarterly result
3 days ago
下一季的报告继续值得期待。
1. 新加坡的贡献还会持续，因为有电力供应商和政府是有短合约的，加上炎热气候、新加坡经济不错、马币继续跌、电子车充电站的建造和启用、大马出口再生能源。希望约旦的启动费不会太昂贵（应该会不少，因为累积了大约两年。约旦发电站一路来都有运作，不过由于官司因素，收入只一点点）。不过，既然提到启动费，表示在暂时的亏损之后，就是盈利的贡献。
2. 英国的收费调整是从今年4月开始，所以，下一季应该会由亏转盈。
3. YES的亏损，一季100M绝对不会是顶限。YES在亏钱上，非常专业。如果你留意过去YES部分的财报，你就会发现他们很会拿捏亏损的程度。当YTLP赚多的时候，YES就亏多。当YTLP赚少的时候，YES就很奇妙地，既然亏少了。可以说，YES的财报很精明。
4. 数据中心会继续烧钱，还要再烧三季。
3 days ago
https://juristech.net/juristech/are-digital-banks-profitable/
我一路来都悲观认为，YTLP将来的数码银行，将会是第二个YES。
一个YES已经够力了，再加上另一个数码银行坑。。。
希望YTLP的数码银行越迟启动越好。
假如YTLP大马部门的能力，有A Capital团队的实力，我举手举脚赞成快快开启数码银行。
可惜，YTLP大马部门的能力，有目共睹的。。。
3 days ago
Nu Bank of Nu Holding, Brazil's digital bank is profitable for 2 quarters already due to low costs and many products. Fast penetration rate.
2 days ago
YTLP is partnering SEA Group in rolling out the digital bank business in Malaysia. SEA has itself started its own digital bank business SeaMoney which reported almost 7x increase in revenue in 2021 to S$470 million. Though it is still loss making, the management expected it to be cashflow positive by 2023 when they hit revenue target of S$1.1 billion to S$1.3 billion.
Any lending business is naturally profitable, earning the difference between the lending rate and funding rate. It is just how good the bank controls its costs and loan profile.
YTL group has been known for good cost control and with the experience of SEA group, I think their digital bank venture will have good chance of making decent profits, especially when both have their own large customer base in Shopee and Yes.
1 day ago
5) New earnings contribution from green data centres from Q1 2024
6) New earnings contribution from digital bank venture from Q2 2024
Dragon 328, jz to know u mentioned
1 day ago
@dragon328, can you explain how did Wessex Water make a loss due to "interest accruals on index-link bonds, a non-cash impact of RM75 million"?
How does it work? Is the loss due to "interest accurals" also get compensated in the form of higher tariff in future regulatory period?
1 day ago
@cooledhawk123654, I meant Q1 calender year 2024, i.e. Jan-Mar 2024 to see earnings contribution from the first phase of green data centre
1 day ago
@observatory, I do not have any more info than you on this provision item in Wessex, besides the explanation given in the quarterly result notes.
From what I understand, Wessex has issued a few tranches of bonds, some of which may be linked to certain index (which I do not know what index it is). I suspect such bond has a yield that is linked to certain baskets of interest rates like LIBOR. When interest rates move up in the UK, such index-link bond price will fall and yield goes up. UK accounting treatment may require Wessex to mark to market such an impact from higher bond yields, hence the provision.
It is a non-cash item at the moment as it is just a reflection of higher bond yields to pay in the future. But eventually Wessex will need to pay for higher yields to the bond holders. Such higher interest payments will be captured in the next regulatory review of water tariffs to reflect on the higher costs of doing business, hence resulting in higher water tariffs to compensate for the higher interest payments made by Wessex in order to deliver the required services.
1 day ago
Wessex just made the provision in this Jan-Mar 2023 quarter, which means that they may have missed out on adding the impact of such higher interest rates into the water tariff hikes already in effect since 1st April. If so, they may get it reflected in the next review end of the year to determine the required water tariff hike from 1st April 2024.
But I am not too sure if there is any adjustment in the quarterly review or any true-up mechanism that comes earlier than the next yearly review for 1st April 2024.
We will be able to get a sense when we see the result for next quarter April-June 2023 from Wessex.
1 day ago
No doubt, SEA Group is a capable partner. What i am concern is who will lead this digital bank.
From the news i had read before, seems like YTLP has strong desire to be the boss instead of become second man.
i have no query if Sea become the leader of the digital bank.
14 hours ago
It will not give you any fault investment in ytlp if choose wrongly.
The utility asset enough to support the share pruce
14 hours ago
@xiaochen, I remember SEA has a 60% stake in the digital bank JV while YTLP has 40%, or the other way round?
In any case, SEA has the experience and YTLP will be happy to follow and complement its strategy
13 hours ago
@dragon328
SEA has a 60% stake in the digital bank JV while YTLP has 40%,
Im not sure, really hope so.
12 hours ago
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goody99
let see if analysts are able to find out why the profit of the Power Generation division increases 6 folds. If it is something sustainable, we strike gold!
4 days ago