YTL Corp Bhd expects consistent 20 per cent compounded annual growth and profit until the year 2020, buoyed by its core development units and more value-added services to its businesses.
Managing director Tan Sri Francis Yeoh Sock Ping explained that with the estimated compounded growth, the conglomerate’s market capitalisation will grow to US$100 billion (US$1 = RM3.78) from the current US$5 billion by 2020.
“For the past 15 years, we have achieved annual pre-tax profit of about 55 per cent. We can still grow given the tremendous business opportunities in Asia, especially in the construction segment,” he said. “I wish to see Starhill in other major cities globally.”
YTL’s classy Starhill shopping and food mall is located in Kuala Lumpur’s thriving central shopping and entertainment district, Bintang Walk.
“We will also add more value to our services. For example in YTL Cement Bhd, we can produce other types of concrete products instead of just having cement,” he told reporters after announcing plans to celebrate YTL’s 50th anniversary this year.
Yeoh also said that the entire Bintang Walk is expected to be “fully-wired” by wireless broadband cable in three months’ time.
YTL, which has been organising the Concert of Celebration to commemorate its anniversary since 1994, has planned a five-day programme which will be held in the Kuala Lumpur Performing Arts Centre and Sentul Park.
Themed “50 years of running the good race”, Yeoh said the celebration this year will be the biggest ever as it is a thanksgiving of sorts, bringing the group from its humble beginning in a fishing village to a half-century old infrastructure developer.
The musical concerts comprise LiT, the Selangor Philharmonic Choir, Melbourne Grammar School Orchestra and Nuit D’Amour.
YTL has also invited a world-renowned tenor, Russel Watson, who has sung for the Pope, President George W. Bush and Prince Charles, and he will be accompanied by the Adelaide Symphony Orchestra. They will perform in Sentul Park.
All the concerts are open free to the public, but a balloting exercise will be conducted for the Russel Watson concert as limited seats are available.
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