YTL POWER INTERNATIONAL BHD

KLSE (MYR): YTLPOWR (6742)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

3.90

Today's Change

-0.02 (0.51%)

Day's Change

3.89 - 4.01

Trading Volume

16,065,700

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

3.90

Avg Target Price

2.71

Upside/Downside

-1.19 (30.51%)

Price Call

0

SELL

0

HOLD

44

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
35 people like this. Showing 50 of 21,969 comments

dragon328

@Probability, thanks for highlighting the approval news of the Brabazon project in the UK.

This property development project has always been under YTL Power, as YTLP management has acquaintance with the Bristol council in dealings for Wessex Waters which is located nearby in Bath.

I think YTL Power has 100% equity stakes in this Brabazon project, as stated by the following statements in YTLPower 2023 Annual Report:

"Brabazon
YTL Developments UK Limited (“YTL Developments”), a wholly-owned
subsidiary of YTL Property UK, is undertaking one of the
UK’s largest master planned developments, located on the former
Filton Airfield site. Brabazon Bristol is a 380-acre mixed-use urban
development and the Group’s first UK property development
project.
Awards won this year include Residential Project of the Year (36
Homes and Over) – Michelmores Property Awards 2023;
Residential Developer – Insider South West Property Awards
2023; and Developer of the Year – Bristol Property Awards 2022.
Masterplan Densification
Planning approval from South Gloucestershire Council is currently
pending for the proposed update to the development’s Masterplan.
The approval will allow the new Masterplan to deliver up to 6,500
residential homes, student accommodation units, 4 million sqft of
commercial floor area and approximately 1 million sqft of
educational and community facilities."

I believe that the construction work for this massive Brabazon property development project will be undertaken by YTL Corp's construction arm. The total construction work may be worth over a billion pounds (>RM6.0 billion) to be awarded to YTL in next few years.

1 day ago

Uniholder

Awarded to YTL Construction Arm,

Twin cylinder firing up then, 🎉🎉🥳

1 day ago

Apple888

Original gdv was 2.5bil pounds.
Now doubled to 5bil pounds

1 day ago

klee

Tq dragon328

1 day ago

klee

Rm 20 bil spike rm1.5,Rm 30 bil spike berapa?

1 day ago

klee

Rm 6 kambing

1 day ago

Uniholder

Spike to new high of RM5.50 m happy alreadyyy, @Klee

🎉🎉

1 day ago

dragon328

On the potential earnings contribution to YTLP from the Brabazon project, I have previously not included it as the master plan was not approved yet. Now the plan has been approved (on 29 Feb 2024) and it entails exactly the sizing as envisaged in the 2023 Annual Report.

Without assess to more detailed development plan, I will just do a quick estimation here on the potential earnings contribution from the Brabazon project to YTLP.

The approved plan envisages development of 6,500 new homes and 4 million sf of commercial floor area in Bristol. Using the national average house pricing in the UK of about GBP275,000, I estimate that the total GDV for the 6,500 new homes may amount to GBP1.8 billion. Using a rough gross profit margin of 25%-30%, I estimate that total development profit for the 6,500 new homes may amount to GBP500 million over the next few years.

Assuming development over 10 years, average gross profit will be GBP50 million a year. Applying UK corporate tax rate of 25%, net profit contribution to YTLP may come to GBP37.5 million or RM225 million a year over next 10 years.

Then for the 4 million sf of commercial area, the potential rental income may be huge too. Online checks show that Bristol commercial / office rental rates are between GBP25-30 psf per annum. So for the proposed 4 million sf of new commercial area, the potential gross rental income may amount to GBP100 million to GBP120 million per annum. Deduct off 25% for miscellaneous charges for property management, the net property income may come to GBP80 million to GBP90 million per annum. Again deduct off 25% corporate tax, net earnings contribution to YTL Power may be GBP60 million to GBP67.5 million, or RM360 million to RM405 million a year to YTL Power.

That's my rough estimation - RM225 million a year of net profit contribution to YTL Power from this project, increasing over time to as much as RM630 million a year when the commercial area is fully developed. After all the new 6,500 homes are delivered, the recurring income will be from the commercial area which may contribute over RM400 million of net rental income to YTLP every year.

1 day ago

Uniholder

Thanks again for the insightful analysis, @dragon328.

As always, encouraging to read !

Share price will follow suit, 😁


🎉🎉🎉

1 day ago

Uniholder

Immediate 3.0 for YTL and 5.0 for YTLP looks not far away with the good news pouring in.

🎉🎉🎉

1 day ago

probability

thanks dragon328, fantastic news...

1 day ago

klee

Ytl group management has a long term view of investing.They invested and waited patiently for yrs on end.Now their investments are starting to bear fruits.These are early days.More and more surprises may be on the way.In stocks,just ride with the strongest.

1 day ago

MrFox

certainly!!!! am happy ahmoing! because the ahmoi is getting prettier !!!
haha

1 day ago

OnTime

especially on a rainny sunday in kulai!

1 day ago

klee

Mr OTB.Can we have your view of how the Uk brabazon project will impact the profitability of YTLP? Thanks.

1 day ago

darrenliew

Dragon328 Tq for your very insightful write up and computation on YTLPOWR'S Brabazon devt project.
I wish to add something which many may not be aware.
I.e. UK policy practice in NOT ALLOWING property developers to recognise all sales Incomes and profits into their financial accounts UNTIL AFTER certified completion of the units sold and keys delivered to the purchasers. This will take 3 to 4 years to be legally fulfilled.
Hence YTLPOWR will not be able to show the sales revenues and profits from this UK project in their quarterly/yearly financial results until after 2026 or 2027.
This a true situation which can be verified by referring to EWINT's projects in UK where their directors gave explanations when releasing their quarterly results as to why their company suffered losses or made less.
So we will have to wait for a few years before we can see the financial contributions from Brabazon.
(Just wish to share knowledge and awareness)
Tq

1 day ago

probability

@darrenliew, thanks for the info

i see from below link that the completion is quite fast tracked

www.itv.com/news/westcountry/2024-03-01/once-in-a-generation-plan-approved-for-new-south-west-city-district

The first homes at Brabazon are due to completed in 2025.

1 day ago

probability

More connected, more sustainable, more opportunities at Brabazon: Masterplan approval granted for the most exciting new city district in the South West

29th February 2024

https://www.ytldevelopments.co.uk/latest-news/masterplan-approval-for-brabazon

YTL Developments is already making good progress on delivering Brabazon. At present:

1. The Hangar District - our first phase of new homes – is due to complete before the end of 2024. A range of studio, one and two-bedroom apartments and two, three and four-bedroom houses is on sale now, with over half of the 300 properties already completed and occupied.

2. Properties in our second phase of new homes are under construction, with the first homes due to complete in 2025.

3. Boxworks – the iconic shipping container workspaces – has moved to Brabazon from Bristol Temple Meads. Tenant demand is proving very strong ahead of the opening of the very first workspaces at Brabazon in May this year.

4. The primary road network within Brabazon is currently under construction.

1 day ago

MrFox

good insightful info! terima kasih

23 hours ago

Jerichomy

So many scammer from failed heng yuan ate here

2 hours ago

klee
Mr OTB.Can we have your view of how the Uk brabazon project will impact the profitability of YTLP? Thanks.
2 hours ago

darrenliew
Dragon328 Tq for your very insightful write up and computation on YTLPOWR'S Brabazon devt project.
I wish to add something which many may not be aware.
I.e. UK policy practice in NOT ALLOWING property developers to recognise all sales Incomes and profits into their financial accounts UNTIL AFTER certified completion of the units sold and keys delivered to the purchasers. This will take 3 to 4 years to be legally fulfilled.
Hence YTLPOWR will not be able to show the sales revenues and profits from this UK project in their quarterly/yearly financial results until after 2026 or 2027.
This a true situation which can be verified by referring to EWINT's projects in UK where their directors gave explanations when releasing their quarterly results as to why their company suffered losses or made less.
So we will have to wait for a few years before we can see the financial contributions from Brabazon.
(Just wish to share knowledge and awareness)
Tq
2 hours ago

probability
@darrenliew, thanks for the info

i see from below link that the completion is quite fast tracked

www.itv.com/news/westcountry/2024-03-01/once-in-a-generation-plan-approved-for-new-south-west-city-district

The first homes at Brabazon are due to completed in 2025.
1 hour ago

23 hours ago

Alex Chua

Dunno where i read the brabazon already contributed profit to ytl. Their reporting is confusing alot things lump into ytl during quarterly results announcement.
Btw 1. The Hangar District - our first phase of new homes – is due to complete before the end of 2024. A range of studio, one and two-bedroom apartments and two, three and four-bedroom houses is on sale now, with over half of the 300 properties already completed and occupied.

2. Properties in our second phase of new homes are under construction, with the first homes due to complete in 2025.

23 hours ago

probability

Its because the construction work for the Brabazon property development project was undertaken by YTL Corp's construction arm there (see what dragon328 mentioned above)

Their revenue recognition is much ahead than YTL Development UK (100% owned by YTLP)

22 hours ago

Uniholder

BBC news yesterday says it is a revised plan to build 6500 homes, double than earlier planned.

22 hours ago

MrFox

meaning the ahmoi is getting more beautiful?
haha

21 hours ago

klee

profit recognised now or later is still profit ,plan ady approved,apa lu mahu lagi
haha

21 hours ago

klee

funds will definitely view this as a positive,thats all that matters

21 hours ago

OTB

Klee,
The prospect of YTLPower is too good, I just do not want to talk further on Brabazon property project.
If I add the earning of this project inside, the share price will be >10.00 in FY 2026.
I believe the present earnings without Nvidia's supercomputer, the target price is very high.

Let me summarise it again.
Without Nvidia's supercomputer, the target price is 6.30 at a PER=15.
Time frame = now until 30/6/2024.

With Nvidia's supercomputer (4.3 billion investment), the target price is 6.87 at a PER=15.
Time frame = 1/7/2024 until 30/6/2025.

Assumption 1.
With Nvidia's supercomputer (20 billion investment), the target price is 9.30 at a PER=15.
Time frame = 1/7/2025 until 30/6/2026.

Assumption 2.
With Nvidia's supercomputer (20 billion investment), the target price is 11.16 at a PER=18.
Time frame = 1/7/2025 until 30/6/2026.

I will still sailang on this stock.
Thank you.

19 hours ago

OTB

Klee
Please get Jerichomy to share his knowledge on the future earning of YTLPower.
Jerichomy claimed that he is very good in share investment.
Others are all scammers.
Thank you.

19 hours ago

klee

Thanks Otb for taking the time to answer.Dont worry about jeri he has mental issue.

19 hours ago

Uniholder

Thanks OTB. Look forward to June.


🎉🎉🎉

18 hours ago

klee

Btw did you all notice Zafrul announcement came one day after msci inclusion of ytlp? I give full marks for ytlp management timing.After all big funds tracking msci can buy they announce.

18 hours ago

klee

Brabazon is an added bonus.

18 hours ago

investopology

All other klci msci stock are over bought and going to retrace. Only YTLP and YTL are under value now.

17 hours ago

Jerichomy

Otb the scammers and his fellow scammers


OTB
Klee
Please get Jerichomy to share his knowledge on the future earning of YTLPower.
Jerichomy claimed that he is very good in share investment.
Others are all scammers.
Thank you.
2 hours ago

klee
Thanks Otb for taking the time to answer.Dont worry about jeri he has mental issue.
2 hours ago

16 hours ago

Jerichomy

OTB
I bought Coastal around 2.00 a few months back. I also recommended this stock to all readers here, I am responsible for my recommendation. KLSE is bearish and I failed to understand the profit of Coastal and the complex of its accounting method. I had taken my profit yesterday. My recommendation and my responsibility is ended here. Please be informed. Thank you.
1 day ago


BobAxelrod
I feel it's time to let out some steam....I just cannot stand such scumbags!!! Few months back at HRC, this bogus scammer's macai said they bought Coastal and recommended to everyone.....yet he doesn't even know what price they bought and at 2.55, they were not making profits......THEN HE SAID THEY BOUGHT AT 2.25.......NOW THAT GODDAMN SCAMMER SAID THEY BOUGHT AT 2.00????? Puii
1 day ago


OTB
I posted my buy recommend on Coastal when the share price is around 2.07. I checked my records. I also bought some Coastal shares below 2.00. I did not tell any lies here. Who is the shameless liar here ? Pui
1 day ago

16 hours ago

myloh123

Ytl n ytlp r suppressed from going up further...hovering at this level...mayb d management dun want declare high dividends...going up too fast n furious wud affect d yields

5 hours ago

myloh123

I think its healthy in d long run

5 hours ago

investopology

Operator haven’t wake up and waiting more retailer sell first.

5 hours ago

Apple888

Very disappoint see ytl power share price.
Ytl corp move like dragon.

3 hours ago

HuatRex1314

Ytlp correction not over yet. 1st support at 3.70

2 hours ago

mikewazowski

Low PE, high SG dollar.

Buy only

1 hour ago

Raymond Tiruchelvam

institutional investors staying on sideline.... hmmm

1 hour ago

myloh123

Vultures r waiting for cheap sale

43 minutes ago

myloh123

Its all about holding power....at rm 3.70 i want to switch over some dead stocks over.

40 minutes ago

CHLEONG888

A bit disappointed, ytl is perform much better than ytlp???

10 minutes ago

myloh123

Dun keep looking at it then.

9 minutes ago

myloh123

Investing needs lots of patience especially the stock has gone up 5+ times over a years period.

6 minutes ago

Post a Comment