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YTL Group of Companies News Buzz
Major Malaysian firm buys CDM consultancy
Point Carbon, 8 May 2008
Malaysian conglomerate YTL Corporation on Friday announced it has bought a controlling stake in SV Carbon, a consultancy involved in the development and sales of UN-regulated carbon credits.
Starry, Starry Knight
Wealth Magazine, 23 April 2008
A rising Malaysian multinational is acquiring key assets worldwide, including high-profile acquisition in Singapore. The YTL group had previously ascended on the strength of its audacious deal-making, consistent ability to beat deadlines and the magnetic personality of its Managing Director, Tan Sri Dato’ Francis Yeoh. Can YTL make as much of a difference in established global markets?
YTL’s Parkville set to be a runaway success
The Star, 14 April 2008
The completion of Parkville, the latest phase of Lake Edge, in January offers yet another opportunity for those who seek something more than just a place to call home in Puchong.
YTL keen on more land buys in KL
The Star, 12 April 2008
YTL group, which is paying a record RM2,000 per sq ft for a piece of land in Jalan Stonor, intends to make more acquisitions in the Kuala Lumpur city centre.
Bold moves at the helm of a Malaysian Giant
IHT, 21 March 2008
"People think it's very easy," Yeoh said recently during a business trip to Singapore. "My God, it's so far from the truth. I've been like Sisyphus - every time rolling a stone up the hill and the next morning it rolls down again." After a brief pause, he added, laughing, "Well today, I still feel like Sisyphus but at least some stones are now staying up there."
With smaller foreign currency exposure than other Asia-based companies, YTL emerged from the Asian financial crisis at the end of the 1990s in better shape to expand abroad. YTL bought British utility company Wessex Water for £1.2 billion, or $2.4 billion at the current exchange rate, in 2002 and owns power investments in Indonesia and Australia. Today, Yeoh pointed out, 70 percent of the company's revenue comes from abroad.
The Heart Of Profitability
Wealth Magazine, 19 March 2008
"He told me about conservation at a very young age, five or seven years old, for example to build around nature instead of over it. At Pangkor Laut, he built around the rocks and even the roads wind around the rocks. One of the restaurants has a tree shooting out of it because my father absolutely loves to preserve nature and God's creations in all its glory," says Ruth. who is now Director of Investments at YTL Corp.
YTL posts Q2 profit of RM189mil
The Star Online, 23 February 2008
YTL Corp Bhd registered RM189.33mil in net profit for the second quarter ended Dec 31, which was about 24% higher than the RM152.98mil posted a year earlier.
YTL Corp Q2 net jumps 24pc
Business Times, 23 February 2008
YTL Corp Bhd has reported a 24 per cent increase in net profit for the second quarter ended December 2007 as the performance of its utilities, cement manufacturing and trading and property businesses improved.
YTL Chief awarded Fellow of the Institution of Civil Engineers
YTLcommunity News, 12 February 2008
I thank my Lord Jesus for making this possible. Our Lord Jesus worked as a carpenter or constructor up to the age of 30, before His preaching on the Kingdom of God. It shows in a way that God places importance of vocation and leadership of Christians in the market place too. I would like to dedicate this honour to all the engineers and constructors in the YTL Group. They have made YTL one of the most respectable infrastructure and utilities group in the world. In fact we have engineers in 3 continents managing engineering services for 10 million customers. They are my unsung heroes.
Civil engineers had always contributed much to society in the past. Who can forget Joseph Bazalgette, who as Chief Engineer of London’s Metropolitan Board of Works in 1856, created a sewer network for Central London which helped relieve the city from cholera epidemics. His work arguably saved more lives than doctors at that time. He was the President of the Institution of Civil engineers in 1883.
Hwang DBS: YTL Power: Poised for acquisition growth - 'Maintain Buy', target price RM3.00
Hwang DBS, 4 February 2008
YTLP is one of the few companies that has demonstrated a steady yield and commendable growth for regulated assets. Its acquisitions over the last few years including Wessex Water, Jawa Power and Electranet, have resulted in commendable FY05-07 net profit CAGR of 28%. We favour YTLP for its defensive earnings and stable dividend stream. We initiate coverage on YTLP with a Buy recommendation and SOP-derived target price of RM3.00/share. YTLP offers growth potential from new acquisitions and attractive net yield 8.5%, thanks to a combination of cash and share distribution.
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