YTL Power International

YTL Power International Records 1st Quarter Revenue of RM5.7 Billion & Profit Before Tax of RM665 Million YTL Power recorded revenue of RM5,683.5 million for the 3 months ended 30 September 2024 compared to RM6,305.2 million for the preceding 3 months ended 30 June 2024. Profit before tax stood at RM664.8 million for the 3 months under review compared to RM1,140.0 million for the preceding quarter. Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of YTL Power, said, “The Group made a strong start to the 2025 financial year, turning in revenue of RM5.7 billion for the quarter under review. “Operating profit increased 2% this quarter compared to the preceding quarter, after adjusting for non-cash items comprising the current quarter’s unrealised foreign exchange losses of RM293.3 million and the one-off fair value gain of RM203.5 million arising from the acquisition of shares in Ranhill recognised during the preceding quarter.” EBITDA (earnings before interest, tax, depreciation and amortisation) for the 3 months ended 30 September 2024 stood at RM1.5 billion, compared to RM1.9 billion for the quarter ended 30 September 2023. Full Article: https://lnkd.in/gn9G3KiU

YTL Power International on track for long-term growth PETALING JAYA: YTL Power International Bhd's data centre (DC) projects development are on track to provide long-term earnings growth from financial year 2026 onwards. Hong Leong Investment Bank Berhad (HLIB) Research remains upbeat on the company’s DC development. YTL Data Center Holdings Pte Ltd (YTLDC) and artificial intelligence-data centre (AI-DC) are expected to be the group’s next growth phase. The development remains on track for DC1-DC3. YTL AI Cloud DC, using NVIDIA's GB200 chipsets, is on schedule to complete construction (core and shell) in January 2025, targeted to fit in IT equipment within two to three months and commissioned in April 2025. There will be no overheating issue, as YTLDC will be utilising the Direct-To-Chip cooling system, the research house noted. Hence, HLIB Research reiterated its “buy” call on YTL Power with an unchanged target price (TP) of RM7 a share. It believes the stock’s current valuation remains undemanding, given the strong earnings of YTL PowerSeraya, earnings growth of Wessex Water (WW) and commencement of its DC projects. Full Article: https://lnkd.in/gmgUSFGq

Panel 3 at YEF 2024, titled "Data, the New Oil. AI, the New Electricity," examined how data and artificial intelligence (AI) are driving Malaysia’s digital transformation and reshaping the economy. The panellists emphasised that data is the raw material powering digital innovation, akin to oil’s role in the industrial revolution, while AI functions as the new electricity, fueling advancements across multiple sectors. This transformative combination is central to Malaysia’s strategy for building a resilient, tech-driven economy. Speakers discussed the National AI Roadmap and Malaysia Digital Economy Blueprint, which outline a structured approach for embedding AI in sectors like healthcare, finance, and public services. By aligning with global tech trends, Malaysia aims to create high-value jobs, foster innovation, and attract foreign investment. Tan Sri Syed Zainal of Dagang NeXchange Berhad (“DNeX”) highlighted AI’s predictive power and data management efficiencies in the semiconductor industry, while Hann Yeoh of YTL Power International discussed AI’s role in renewable energy management. In discussing corporate adaptation to AI, Shankar Kanabiran of EY noted that 75% of Malaysian companies plan to implement AI within the next year, driven by the need for efficiency and strategic growth. The panel agreed that while AI transforms industries, it enhances rather than replaces human roles, with Kanabiran emphasising that human oversight is vital in maintaining ethical and effective AI systems. The panelists stressed the importance of balanced investments in AI platforms and human resources to achieve sustainable growth Moderated by Ellina Roslan of MyCentre 4IR, The session underscored that data and AI are not just technological tools but pivotal elements in building a sustainable, inclusive future where Malaysia can lead in eco-friendly innovation and digital development

The recent floods have shown us the strength of unity and compassion in Malaysia. As shared by the Prime Minister, preparedness and collaboration among government agencies, GLCs, GLICs, and private sectors have been instrumental in addressing this challenge. At YTL Group, our ethos of Building The Right Thing is reflected in our commitment to supporting relief efforts and fostering a spirit of togetherness. We are proud to stand alongside fellow Malaysians in lending a helping hand to those in need. #YTLGroup #BuildingTheRightThing #YTLRoadTo70 https://lnkd.in/gbZSYzMG

At YTL Group, our ethos of Building The Right Thing drives us to act when our communities need us most. In response to the devastating floods that have affected countless lives, we are honoured to contribute RM5 million to support relief and recovery efforts. This commitment reflects our belief that business can and should be a force for good. To our YTL family, thank you for embodying the values that make this possible. Together, we can continue to make a difference. #YTLGroup #BuildingTheRightThing #YTLRoadTo70 Source: https://lnkd.in/gA89ZnZi

Well done to our team YTL Developments (UK) Limited in the UK! #BuidingTheRightThing #Since1955 #RoadTo70

YTL Power International Berhad is proud to support Perdana Fellows Alumni Association's initiative for this year's Youth Economic Forum 2024. The Youth Economic Forum 2024 which gathered more than 1,300 delegates has provided a platform for young professionals, universities and college students to engage in discussions about Malaysia's evolving economic landscape, focusing on digital and green economy, as well as talent development. We believe in the empowerment of the Youth that will actively shape Malaysia's future. #YouthEconomicForum2024 #PerdanaFellowsAlumniAssociation #BuildingTheRightThing #Since1955 #RoadTo70

We recently welcomed YB Chin Tong Liew (Deputy Minister, Investment Trade and Industry, Ministry of Investment, Trade and Industry (MITI)), YB Nie Ching Teo (Deputy Minister of Communications), YB Tuan Wong Bor Yang (ADUN Senai) and Dato’ Indera Ir. Dr Ahmad Sabirin Arshad (CEO of SIRIM Berhad), to our YTL Green Data Centres in Kulai, Johor. YTL Data Centers located in Kulai, Johor is a Tier III Certification of Constructed Facility (TCCF) from Uptime Institute.

Tan Sri (Sir) Francis Yeoh, Executive Chairman of YTL Corporation Bhd, recently met with the Vietnam Communist Party General Secretary To Lam. The General Secretary received leaders of several major Malaysian groups during his official visit to Malaysia to acknowledge and appreciate the businesses’ support for and contributions to economic, trade and investment cooperation between Vietnam and Malaysia, considering this as a highlight and a key factor ensuring the sustainable and substantive development of bilateral relationship, bringing practical benefits to the two nations' people. Tan Sri Francis' discussion with the Secretary General was on YTL's collaboration with US-based NVIDIA Corporation to build a large data centre in Johor, Malaysia. He expressed his confidence in Vietnam's clean energy development trend and digital transformation, and his desire to build a data centre in the country. The Secretary General in turn appreciated YTL's vision and technological capabilities in capturing development trends, especially in the field of AI infrastructure and emerging technologies. He showed his belief that YTL will be an important partner in driving digital transformation and modernising infrastructure in Vietnam. Source: https://lnkd.in/gmyKAfAn

World Fears a Wider Trade War. Malaysia Sees an Opportunity. Malaysia has so far secured billions of dollars from American companies, including NVIDIA, Microsoft and Google, to build in the economic zone. It has also wooed Chinese companies like ByteDance, the Chinese owner of TikTok. A 15-minute drive away, another dusty construction site looked out of place surrounded by palm trees. It’s the location of a large Nvidia data center that is part of a $4.3 billion partnership with YTL Power International, an energy subsidiary of one of Malaysia’s biggest conglomerates. Workers driving heavy trucks deep into a palm plantation used a different road — sturdier so it could bear the weight. Many of the targets for the special economic zone are focused on improving the flow of people on the border between Singapore and Johor, so that companies and workers in Singapore have a cheaper option to live and operate. Like their counterparts around the world, Malaysian officials are just beginning to digest the re-election of Mr. Trump. Some have started to float another idea: that Malaysia diversify beyond China and the United States. “The world may enter into a situation where there may be a U.S. supply chain and a China supply chain,” said Chin Tong Liew, Malaysia’s deputy minister of investment, trade and industry. “Then the rest is up for grabs. There will be a middle ground, and the more resilient our supply chain is the better.” Source: The New York Times Full Article: https://lnkd.in/gN-eGUEz