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  28 April 2015
2:03:31 PM
YTL Corporation - A longer-term growth story
- KLSE

During the Invest Malaysia conference, YTL Corp shared with investors its longer-term strategy for growth. Although there were no major surprises, we concluded that domestic ventures driven by the private sector are the likely anchors for the company's outlook over the next 1-2 years. The discussions support our belief that the HSR story remains relevant. YTL Corp reiterated that it remains fairly competitive if the rollout of the project follows the private sector model but did not provide any timeline. We were encouraged that the dividend angle is sustainable. We maintain our Add call, EPS forecasts as well as our target price, which is based on a 20% RNAV discount. Newsflow and progress on the HSR project is the key catalyst.

YTL Corp's unchanged strategy to pursue the KL-Singapore HSR project on a private-sector funding model is highly encouraging, considering the lack of visibility from the authorities on the timeline for the implementation of the KL-Singapore HSR. Tan Sri argued that YTL Corp's ERL concession has proven to be a big success and is a good benchmark for the group's cost competitiveness for other major rail jobs i.e. the ERL extension and HSR. This was no surprise, given YTL's RM35m cost/km for the ERL, which translates into an estimated total cost of the HSR that is about half of the widely reported cost of RM30bn-40bn. Tan Sri's reassurance that the higher dividend in FY14 is sustainable supports YTL's attractive dividend yield of 6%, which is the highest among the major contractors under our coverage.... ›› more

 
  22 April 2015
6:01:09 PM
YTL's Starhill Global Reit to buy Myer Centre Adelaide for A$288m
- The Business Times

YTL's Starhill Global Reit announced on Monday it is looking to buy a freehold property at 14-38 Rundle Mall, Adelaide, South Australia (Myer Centre Adelaide) for A$288 million (S$302.4 million) in cash.

Myer Centre Adelaide, located in the city's retail CBD core, comprises a retail centre with almost 620,000 square feet of retail space, three office buildings occupying 98,000 square feet and four basement levels providing 467 carpark lots.

Based on the proposed price, this acquisition will give a yield of 6.6 per cent and is expected to be about 2.8 per cent distribution per unit (DPU) accretive on a pro forma historical basis.... ›› more

 
  22 April 2015
6:18:46 PM
YTL's Food court with authentic hawker food draws in crowd
- The Star

Malacca’s Lot 10 Hutong by YTL is the third branch opened after Bukit Bintang, Kuala Lumpur and Guangzhou in China.

The franchise was the brainchild of YTL Corp Bhd group managing director Tan Sri Francis Yeoh who personally persuaded the owners of each of these heritage stalls to open in strategic places in order to preserve their culinary arts for the enjoyment of future generations.

Since its first establishment in November 2009, Lot 10 Hutong has attracted the attention of food aficionados worldwide with even The New York Times listing it as one of “Asia’s Top Odysseys”.... ›› more

   
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23 April 2015
5:52:38 PM

China's struggle for water security - Yahoo! News

Way back in 1999, before he became China's prime minister, Wen Jiabao warned that water scarcity posed one of the greatest threats to the "survival of the nation"... ›› more

 
 

23 April 2015
5:45:14 PM

10 things about: Chaing YiLing, the hometown girl turned international soprano - The Malay Mail

A Penang girl who grew up on Armenian Street in the George Town Heritage Zone, Chaing YiLing never imagined that she would become an accomplished soprano when she first took singing lessons for fun.... ›› more

 
 

22 April 2015
12:40:48 PM

MCMC engages ISPs in battle against porn - NST

THE growing accessibility of triple X-rated pornography, especially to the young and impressionable, has prompted the country’s cyber authorities to step in to rein in the problem. ... ›› more

   
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  A Boy from Teluk Intan

Our short film tells the story of Nara, A Boy from Teluk Intan. An exceptional student and a state hockey player, Nara’s story could have taken a different path following the loss of his father and sole breadwinner when he was 7 years old. Nara’s financial disadvantage could easily have meant that his potential would have remained just that – a potential. However, his humility in excellence caught the attention of his teacher, Mr Rajendra, who was moved to dedicate his own time and effort to find a way to help this boy develop his potential. Nara’s story is truly a remarkable one – small town boy with big dreams and impossible hurdles, only reaching them through the aid of a mentor who believed in him. His story serves to remind us that more often than not, small actions can leave giant footprints. Join us in our quest to find everyday heroes in our nation. www.aboyfromtelukintan.com

 

>> more videos

 
Lionel Richie, Wyclef Jean and Tan Sri (Dr) Francis Yeoh at Rootz

Location: Lot10 Shopping Centre, Malaysia
Date: 4 March 2010

No Promotions List available.

 
 

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