YTL Power's AI-DC prospects remain intact
Expectations of improved earnings from Wessex Water and growth prospects from the artificial intelligence-data centre (AI-DC) venture.
Earnings moderation for electricity generator YTL Power Seraya during the quarter was largely anticipated due to weaker pool prices and lower retail margins.
"We reckon such earnings normalisation will happen gradually in FY25 and FY26 as retail contracts still accounted for more than 70% of the output".
Wessex water utility to recover more meaningfully in FY25, backed by annual tariff adjustments.
YTL Power is still in discussions to lock in off-takers for the first 100MW Phase 1 AI-DC.
YTL Power is a potential beneficiary of the strong RE growth trajectory under NETR, particularly for RE exports given its presence in the Singapore power sector".
Source: The Star
https://www.thestar.com.my/business/bus ... ain-intact