YTL Chieftain''s Frank Discourse on Telco, Power and Property
YTL Corp CEO Tan Sri Francis Yeoh talks about his new 4G network, ''Yes'', discussing coverage, subscribers and growth targets and network expansion, and when he expects ''Yes'' 4G to turn profitable. He also talks about risks such as price wars and compatible devices.
He then talks about how important Yes 4G is to the YTL group in terms of building the business and setting a growth path; how it seems to be a very different path to its historical strategy of pursuing stable, income-driven businesses like water and power.
He then moves on to its new investment, an oil shale-cum-power generation project in Jordan and talks about whether this and the 4G investments alter YTL''''''''s risk profile; the fact that these new businesses are capital-hungry and front-loaded, in terms of whether it will hurt YTL Power''''''''s dividend policy.
He then talks about whether there are plans to to buy more power generation facilities, offers his views on Malaysia''s Renewable Energy plans, and whether oil, coal and gas fired plants can ever be totally replaced.
He then discusses YTL Land, in particular the impact of MRT on its land in Sentul, KLCC-Bukit Bintang & KL Sentral, as well as its plans to transform into a regional developer.
As well, he talks about the much-discussed property boom and demand, prices, outlook and borrowing costs.