Ytl Corporation Berhad

YTL Communications Enters Strategic JV with Bullish Aim group

Bullish Aim Group and YTL Communications Sdn Bhd, a YTL Power International Bhd subsidiary, have entered into a strategic joint venture to develop next-generation common fibre infrastructure.
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The joint venture also aimed to address the surging demand for high-speed connectivity and robust data services, positioning Malaysia as a regional leader in the digital economy.
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A joint statement today said the collaboration would see the deployment of a unified fibre optic network designed to enhance data transmission capabilities and foster greater efficiency for telecom providers and businesses.‌

"By leveraging YTL Communications’ extensive experience in large-scale infrastructure development and BA Group’s cutting-edge technology expertise, the joint venture is poised to set new benchmarks in the data industry,” the statement said.
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The initiative also aligns with Malaysia’s digital transformation goals by providing scalable, high-capacity connectivity solutions that benefit industries ranging from cloud computing and artificial intelligence (AI) to the Internet of Things (IoT) and 5G.
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"This joint effort will also reduce duplication of infrastructure, lower costs for service providers, and ensure a more sustainable and inclusive approach to technology development,” the companies said.
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Managing director of YTL Communications and YTL Power Datuk Seri Yeoh Seok Hong said with Johor being the major hub for data centres, the joint venture will invest in and build the fibre backbone necessary to bring the new digital economy to fruition, driving exponential growth and deployment of digital services and leading-edge technology.
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"We are excited to partner with BA Group to bring reliable, high-speed connectivity from Johor to every corner of the nation and across the globe,” he added. - Bernama

$YTL / 4677 (YTL CORPORATION BERHAD)

Titan Weekend Chart Reviews

$YTL / 4677 (YTL CORPORATION BERHAD)

Had a huge breakout from its RM 2.20+ major resistance levels and rallied all the way towards the RM 2.70+ regions here with huge volume and buying momentum.

For now facing some selling pressure above the RM 2.60+ regions, but as long as able to hold above its RM 2.50 immediate support, could continue to trend back up here as MACC case is settled.

Support: RM 2.50 area
Resistance: RM 2.60, RM 2.70, RM 2.80 areas

Titan Trading Notes For Friday [20/12/2024]:

KLCI had a slight rebound, closing green around the 1600 points region but the overall market sentiment was definitely a bearish one as we had almost 700 counters closing red for the day. Daily trading volume was able to surge back towards the 3.2 billion mark, which was pretty good.

Main stocks that showed strong buying momentum would be the likes of YTL, YTLPOWR, WINSTAR, TOPGLOV, SUPERMX, GENETEC, TANCO, CIMB, KPJ, and SIMEPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

YTL and YTLPOWR without a doubt were the star performers for the day. This should not come as surprising since MACC cleared their case on the 1Bestarinet issue yesterday evening.

$YTL / 4677 (YTL CORPORATION BERHAD) was able to gap up and broke out from its RM 2.30 major resistance and rallied all the way towards the RM 2.55+ regions, breaking out strong from its EMA 200 resistance of RM 2.50 here with huge volume and buying momentum.

For now definitely looking very bullish here and if able to keep this up, could trend back up towards the RM 2.80+ major resistance levels in the coming weeks until its next pullback.

Will be monitoring YTL closely here as it looks poised for a potential huge recovery.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand was also able to gap up strong and broke out from its RM 3.80+ main downtrend resistance and rallied all the way towards the RM 4.08 regions with huge volume and buying momentum.

Looking very bullish here and if able to sustain its buying momentum, could trend back up towards its RM 4.40+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will continue to monitor YTLPOWR closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) n the other hand although retraced back towards the RM 0.50+ support levels this morning, was able to rebound strong to close green around the RM 0.545 regions with good volume and buying momentum.

It may have formed its higher low regions already over the past few days of retracement. If able to sustain above its RM 0.525 immediate support, could trend back up towards the RM 0.575 major resistance levels soon.

Will be monitoring CORAZA closely.

$YTL / 4677 (YTL CORPORATION BERHAD)
Research Report by CGSI

$YTL / 4677 (YTL CORPORATION BERHAD) q4 2024...

KUALA LUMPUR: YTL Corporation Bhd and YTL Power International Bhd were among top losers in the morning session after the Malaysian Anti-Corruption Commission (MACC) said investigations are ongoing on the data quality and services provided to schools under the 1BestariNet project.

© New Straits Times Press (M) Bhd

Titan Trading Notes For Friday [13/9/2024]:

$KLCI retraced further down towards the 1638 points region, but the overall market sentiment was considered to be a positive one as we saw a decent rebound from most counters. Daily trading volume however remains low around the 2.6 billion to end for the day.

Main stocks that showed strong buying momentum would be the likes of OCR, YTL, HAWK, VELESTO, WCT, YTLPOWR, SNS, AMBANK, HIAPTEK, INARI, NOTION, BJFOOD, PMETAL, MRCB, and SIME. All of which were able to sustain their rallies throughout the day on the top volumes list.

$YTL / 4677 (YTL CORPORATION BERHAD) breaking below its RM 3.40 main support levels, had been taking a huge hit over the past month here, heading back all the way back towards the RM 2.35+ major support levels on the daily chart here over the past week.

For now seems to be holding quite well above this region already as it was able to rebound back towards the RM 2.50+ levels. If able to sustain, could have at least a technical rebound back towards the RM 2.70+ regions soon in the coming weeks.

Will be monitoring YTL closely here as it's quite oversold over the past 1-2 months.

$MALAKOF / 5264 (MALAKOFF CORPORATION BERHAD) despite the weak market sentiment over the past month, had been able to slowly inch up here and broke out towards the RM 0.97+ regions with good volume and buying momentum today.

Although still facing strong selling pressure above the RM 0.95+ regions, its formation of higher lows along the way is still a good sign, and could continue on towards the RM 1+ major resistance levels soon.

Will be monitoring MALAKOF closely here.

A lot of stocks despite showing rebound, are still on a short-mid term downtrend. I expect the overall market to be relatively slow and sideways, leaning more towards selling until at least the American Elections are over.

Will have to remain vigilant during these times and not make any mistakes.

$YTL / 4677 (YTL CORPORATION BERHAD)
Research by MIDF
BUY – TP RM4.19

"Banking on Infra for Future Upside”

• FY24 result within ours and consensus estimates, exceeding projections by only 2%
• Sequential performance weighed slightly by utilities and cement divisions
• Actively tendering for external construction jobs
• Maintain BUY with an unchanged TP of RM4.19

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my

$YTL / 4677 (YTL CORPORATION BERHAD)
Research by CGS
ADD – TP RM3.55

"Rerating leading up to KL-SG HSR decision”

■ 4QFY6/24 results above expectations, but dividends were lower
■ Beefing up external orderbook and bidding for more private and government infra projects; stock may rerate leading up to a decision on the KL-SG HSR
■ Value has emerged; upgrade from Hold to Add but with a lower TP of RM3.55

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com

Thursday Trivia: $YTL / 4677 (YTL CORPORATION BERHAD) - First non-Japanese Asian Company to be listed on the Tokyo Stock Exchange!

Thanks to the surge in data center demand and the revival of construction activities, YTL has significantly benefited, leading to a more than 100% increase in its share price within a year. This remarkable growth has also propelled YTL into becoming one of the 30 component companies of the FTSE Bursa Malaysia KLCI. But did you know? In addition to being listed on Bursa Malaysia, YTL also has a secondary listing on the Prime Market Foreign Stocks Segment of the Tokyo Stock Exchange. In fact, it was the first non-Japanese Asian company to be listed on the Tokyo exchange in 1996.

Found this trivia interesting?

Let's discuss below

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
$SUNWAY / 5211 (SUNWAY BERHAD)
$IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD)
$YTL / 4677 (YTL CORPORATION BERHAD)
$GAMUDA / 5398 (GAMUDA BERHAD)
...

$YTL / 4677 (YTL CORPORATION BERHAD) / 4677 (YTL CORPORATION BERHAD)
Research by MIDF
BUY – TP RM4.19

"Acquiring SGX-Listed NSL Ltd"

■ YTL Cement to acquire 81.24% of NSL Ltd for SGD227.6M (RM792.3M)
■ Acquisition price of SGD0.75 (RM2.61) per share, a +5.6% premium to NSL’s NTA per share of SGD0.71
■ NSL's IBS capabilities synergises well with YTL Cement, apart from opening doors to new markets
■ Maintain BUY with an unchanged TP of RM4.19

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my

$YTL / 4677 (YTL CORPORATION BERHAD)
Research by CGSI
HOLD – TP RM3.88

"Acquires SGX-listed NSL for IBS expertise"

■ Acquires 81% in SGX-listed NSL for 1x BV and 11x P/E ex-cash for FY23.
■ Rationale is to gain IBS expertise, which is synergistic with its cement and
data centre business, while opening up new markets in Finland and the UAE.
■ Reiterate Hold and TP of RM3.88 (5% discount to SOP).

Analyst:
CHONG Tjen-San, CFA
(60) 3 2635 9298
tjen-san.chong@cgsi.com

$YTL / 4677 (YTL CORPORATION BERHAD)

$YTL / 4677 (YTL CORPORATION BERHAD) -YTL Corporation Bhd’s Proposed Acquisition of NSL Ltd

-Expansion into New Markets and Sectors
Industrialised Building System (IBS): YTL Cement can diversify its business by entering the IBS sector, gaining presence in Malaysia, Dubai, Finland, and Singapore.

-Synergistic Advantages
Operational Synergies: Combining operations with NSL can lead to cost savings, improved supply chain management, and a stronger market presence.

-Acquisition Cost
Cash Outlay: The acquisition costs RM792.32 million. This significant investment may impact YTL Corp’s short-term liquidity but could yield long-term benefits.

The proposed acquisition of NSL Ltd by YTL Cement Bhd is strategically sound, offering market expansion, operational synergies, and increased market share.

$YTL / 4677 (YTL CORPORATION BERHAD) $BJLAND / 4219 (BERJAYA LAND BERHAD)

PROVISION OF FINANCIAL ASSISTANCE

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YEOH TIONG LAY & SONS FAMILY HOLDINGS LIMITED

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YEOH TIONG LAY & SONS TRUST COMPANY LIMITED

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PUAN SRI DATIN TAN KAI YONG @ TAN KAY NEONG

Changes in Director's Interest (Section 219 of CA 2016) - TAN SRI (SIR) FRANCIS YEOH SOCK PING

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YEOH TIONG LAY & SONS HOLDINGS SDN BHD

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PUAN SRI DATIN TAN KAI YONG @ TAN KAY NEONG

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YEOH TIONG LAY & SONS FAMILY HOLDINGS LIMITED

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YEOH TIONG LAY & SONS TRUST COMPANY LIMITED