YTL / Yeoh Tiong Lay

[winston]

vested

YTL Corp’s net profit falls 36% in 1Q as YTL Power’s earnings decline

By Kamarul Azhar

The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined.

Net profit for the quarter ended Sept 30, 2024 (1QFY2025) fell 36% to RM333.7 million, compared with RM521.73 million a year ago.

Its earnings per share declined to 3.03 sen, from 4.76 sen a year ago.

The decline in YTL’s net profit was despite a 3.36% increase in its quarterly revenue to RM7.77 billion.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/735501

[winston]

vested

YTL Corporation Berhad - On the Right Path
Date: 2024-11-27
Firm: MIDF
Price Target: 3.93
Price Call: BUY

KEY INVESTMENT HIGHLIGHTS

1QFY25 result within our estimates but slightly ahead of consensus

Lower pool and retail prices led to lower earnings for utilities, but cement and water businesses performed

Actively tendering for external construction jobs

Maintain BUY with a revised TP of RM3.93

Source: MIDF

https://klse.i3investor.com/web/priceta ... arch/73518

[winston]

not vested

YTL continues to reward long-term shareholders

By GANESHWARAN KANA

YTL Group said the exercise price to convert the warrant into mother shares will be set at a discount to the prevailing share price.

PETALING JAYA: YTL Corp Bhd and its subsidiary, YTL Power International Bhd, have proposed free warrants for shareholders that could raise up to RM7.5bil cumulatively, assuming full conversion.

One free warrant will be issued for every five ordinary shares held.

The warrants must be converted into mother shares within three years, failing which the warrants will expire.

YTL Group said the exercise price to convert the warrant into mother shares will be set at a discount to the prevailing share price.

In the case of YTL Corp, the discount is about 37% from Jan 22’s average share price of RM2.39. The exercise price is set at RM1.50 per share.

Assuming full exercise of the warrants, the gross proceeds are expected at about RM3.31bil and RM3.4bil under the Minimum Scenario and Maximum Scenario, respectively.

As for YTL Power, the discount is about 40%, based on Jan 22’s average share price of RM4.06. The exercise price to convert the free warrants is RM2.45 per share.

Under the Minimum Scenario, YTL Power expects gross proceeds of RM4.02bil, while under the Maximum Scenario, it is expected at RM4.1bil.

Source: The Star

https://www.thestar.com.my/business/bus ... areholders

[winston]

YTL Corp, YTL Power shares down in active trade after plan to issue non-tradeable warrants

By Isabelle Francis

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/742299

[winston]

vested

YTL Corp's Q2 net profit jumps more than twofolds to RM1.02bil

By Sharen Kaur

57 per cent surge in net profit to RM1.02 billion for the second quarter ended Dec 31, 2024 (Q2FY2024).

Revenue for Q2FY2024 increased by 4 per cent to RM8.06 billion.

Revenue growth primarily to the cement, property, and hotels segments.

Profit growth was driven by the consolidation of NSL Ltd's results following its acquisition during the quarter, unrealised foreign exchange gains, and improved performance from the hotels segment.

YTL Power International Bhd reported revenue of RM5.68 billion in Q2FY2024, marginally lower than RM5.68 billion in the preceding quarter. However, pre-tax profit surged 51 per cent to RM773.1 million from RM510.6 million previously.

Source: NST

https://www.nst.com.my/business/corpora ... s-rm102bil

[winston]

Positive outlook for YTL Corp

YTL posted a slightly lower net profit of RM580.01mil, reflecting a basic earnings per share of 5.26 sen for its second quarter ended Dec 31, 2024 (2Q25).

Its revenue, however, increased by 7.02% year-on-year (y-o-y) to RM8.06bil as compared to RM7.53bil in the same quarter of the previous year.

CGS said a major catalyst for YTL’s prospects is its bid for the Johor autonomous rapid transit or light rail transit projects.

Source: The Star

https://www.thestar.com.my/business/bus ... r-ytl-corp

[winston]

not vested

YTL Corp and YTL Power's shareholders approve one-for-five bonus warrants

By Yap Yan Qing

YTL Corp's bonus issue entails up to 2.27 billion warrants, allowing shareholders to convert the warrants into shares at an exercise price of RM1.50 per share during a three-year tenure. On Monday, YTL Corp shares closed at RM1.89.

YTL Power's bonus issue of 1.67 billion warrants has a conversion price of RM2.45 per share over three years. Shares of YTL Power closed at RM3.37 on Monday.

These warrants will not be listed and cannot be traded or transferred.

If fully exercised, the warrants will bring in RM3.4 billion to YTL Corp, and RM2.2 billion to YTL Power. YTL Corp owns a 54.94% stake in YTL Power.

If fully exercised, the warrants will bring in RM3.4 billion to YTL Corp, and RM2.2 billion to YTL Power. YTL Corp owns a 54.94% stake in YTL Power.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/753300

[winston]

not vested

YTL Corp quarterly revenue increases

For the third quarter ended March 31, 2025 (3Q25), the group posted a 15.5% year-on-year (y-o-y) decline in net profit to RM419.4mil, translating to an earnings per share of 3.81 sen.

This is despite a higher revenue which grew by 1.5% y-o-y to RM7.3bil.

Utilities moderated: Turnaround UK water and sewerage sub-segment

Cement division recorded a strong set of results

Construction: impacted by elevated construction costs

Source: The Star

https://www.thestar.com.my/business/bus ... -increases

[winston]

not vested

4Q Results

Revenue: -6%; RM 7.7b
EPS: +1%; 4.92; Rm 547m
Net Asset: Rm 1.58

https://www.bursamalaysia.com/market_in ... id=3582444

[winston]

not vested

MBSB downgrades YTL Corp on share price strength; Sarawak acquisition in focus

KUALA LUMPUR (Oct 3): MBSB Research downgraded YTL Corp Bhd (KL:YTL) to a 'trading buy' while maintaining its target price of RM2.99 following the recent uptick in the company's share price.

"...though we still expect some upside from positive news flows," the research house said in a note on Friday.

MBSB's optimism is firmly tied to YTL's potential acquisition of Sarawak Consolidated Industries Bhd's (KL:SCIB) unit, a deal that opens up vast opportunities in Sarawak.

YTL Cement achieves EPDs for cement, concrete, and precast solutions in Malaysia and Singapore, reflecting its commitment to sustainable construction.

This milestone highlights the company's investment in low-carbon materials like ECOCem® and ECOConcrete™, as well as repurposed aggregate, and underscores its leadership in driving sustainability across the construction sector in Malaysia and Singapore.

The company has made an indicative offer of RM113 million for SCIB Concrete Manufacturing Sdn Bhd, which SCIB's board has resolved to accept.

SCIB shares jumped 30% or five sen in early trade on Friday to 21.5 sen following the announcement. YTL shares slipped one sen or 0.4% to RM2.79, valuing the group at RM32.4 billion.

This would grant YTL immediate access to a renowned downstream capability, bringing under its wing a manufacturer of precast concrete pipes and prestressed spun concrete piles that is deeply entrenched in the region.

MBSB view the acquisition as fair. On the assumption that 70% of the profit after tax contribution comes from SCIB Concrete, the indicative purchase price of RM113 million translates to a FY2024 price-earnings ratio of 14 times, it added.

"We believe this will synergise well with its involvement with the Sarawak government to strengthen the cement supply chain in the state," it said.

In July 2023, YTL Cement inked a memorandum of understanding with state-owned Innocement Sdn Bhd to improve the cement supply chain in light of the state’s rapid infrastructure development.

Beyond this strategic purchase, MBSB continues to like YTL for its masterful positioning at the heart of Malaysia's infrastructure upcycle.

The company is a direct beneficiary of a strong construction sector, with its cement and building materials business supplying critical projects like warehouses, data centres, and residential developments.

Furthermore, the upcoming Johor-Singapore Special Economic Zone is poised to become a powerful new catalyst for growth on the horizon.

While the recent share price strength prompts a more tactical trading recommendation, the underlying story remains robust, said MBSB.

This is based on YTL's current position of not just riding the construction wave but ventures into data centres and renewable energy.

Source: The Edge

https://theedgemalaysia.com/node/772633