^V^
My forehand call on US stocks , as expected, DOW down below 8,000, it is now close to 7,500, hence is time 4 me to trigger my first entry button liaooo... i hv bought in 3 lots of AIG @ USD 1.45 n 2 lots of Citigroup @ USD 4.80 yesterday night, these 2 stocks r 4 long term hold ( 2 to 3 years ) ,I will not hesitate 2 trigger my next buy button for AIG @ 0.80+ N Citigroup @ < 3.00 if mkt goes against me ^V^ btw, i will not hesitate to sell them off if i can make 25%+- PROFIT FROM THEM IN 2 MONTHS TIME.
Come back to our baby Ytlpowerwb , its mom has just announced its QE with profit decreased by 23.7% , wowww..23.7% down ah ? macam mana ? sell ah ? ha ha... No way hosay ! if u look deep into it , it was due to one off win fall tax , if u minus out this factor , we will get around 4.5cts per q , hence 4.5 x 4 = 20cts which giving u PE of 8.5 @ price of 1.70 .
Read d below, u can see how confident Francis Yeoh is :-
YTL Corp 1st Quarter Profit Grows 30% to RM468 Million (US$130 Million)
YTL Power Declares 6% Gross & 3% Single Tier Interim Dividend
YTL Cement Declares 3% Gross & 7% Single Tier Interim Dividend
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Commenting on the quarter's results, YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group achieved a strong start to the year, with our cement division achieving an excellent set of results. Our power division registered a decrease in earnings due principally to the provision for a one-off tax payment to the Government and foreign currency translation differences during the quarter but the division's operational performance remained strong and our utilities are expected to continue to perform well for the duration of the financial year.
"The Group's latest venture in Singapore, the proposed acquisitions of 26% of Macquarie Prime Real Estate Investment Trust (MP REIT) and 50% of the holding company of the manager of MP REIT, represents another exciting new avenue for us to further expand our branding and presence in global markets. The Group's foreign operations continue to take the lead in growing our revenues and profits, and the proposed acquisitions are well in line with this trend, complementing our existing utilities in the UK, Australia and Indonesia, cement operations in Singapore and China and high-end real estate in Singapore."
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Kuala Lumpur, 20 November 2008 YTL Corporation Berhad ("YTL Corp") today announced profit after taxation of RM468.4 million (US$130.1 mil, based on the prevailing exchange rate of US$1.00:RM3.60) for the first quarter of the financial year ending 30 June 2009, an increase of 30.1% over the same period last year, on the back of a 9.9% growth in revenue to RM1,739.2 million (US$483.1 mil), compared to RM1,582.9 million (US$439.7 mil) for the previous corresponding period ended 30 September 2007.
Commenting on the quarter's results, YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group achieved a strong start to the year, with our cement division achieving an excellent set of results. Our power division registered a decrease in earnings due principally to the provision for a one-off tax payment to the Government and foreign currency translation differences during the quarter but the division's operational performance remained strong and our utilities are expected to continue to perform well for the duration of the financial year.
"The Group's latest venture in Singapore, the proposed acquisitions of 26% of Macquarie Prime Real Estate Investment Trust (MP REIT) and 50% of the holding company of the manager of MP REIT, represents another exciting new avenue for us to further expand our branding and presence in global markets. The Group's foreign operations continue to take the lead in growing our revenues and profits, and the proposed acquisitions are well in line with this trend, complementing our existing utilities in the UK, Australia and Indonesia, cement operations in Singapore and China and high-end real estate in Singapore."
The Group's listed utilities division, YTL Power International Berhad, reported profit after taxation of RM180.4 million (US$50.1 mil) for the 3 months ended 30 September 2008, a decrease from RM235.1 million (US$65.3 mil) during the same period last year, although revenue increased marginally to RM1,049.3 million (US$291.5 mil) compared to RM1,038.3 million (US$288.4 mil) last year.
The decrease in profit was principally due to provision for a one-off tax payment to the Malaysian Government by YTL Power Generation Sdn Bhd, a wholly-owned subsidiary of the Group and an independent power producer which operates power stations in Paka and Pasir Gudang, as well as lower exchange rates applied in translating the earnings of the Group's foreign subsidiaries. The division's foreign operations, including wholly owned Wessex Water Limited, one of the most efficient water and sewerage providers in the UK, and P.T. Jawa Power, a 35%-owned associate company in Indonesia, the owner of a 1,220 MW power station in East Java, continued to perform well during the quarter.
The Group's listed cement division, YTL Cement Berhad, achieved a 36.4% increase in profit after taxation to RM76.5 million (US$21.2 mil) for the quarter ended 30 September 2008, compared to RM56.1 million (US$15.6 mil) for the previous corresponding quarter ended 30 September 2007.
Revenue grew 42.9% to RM459.0 million (US$127.5 mil) this year, compared to RM321.3 million (US$89.2 mil) last year. The growth in revenue and profit was due substantially to overseas operations, improved production efficiencies and better selling prices.
On the property investment and development front, Starhill Real Estate Investment Trust, the Group's listed REIT, recorded growth in income after taxation to RM275.0 million, and revenue to RM27.9 million. Included in income after taxation was a revaluation surplus of RM254.36 million required to be made under fair value accounting standards. This arose from the revaluation of the REIT's properties during the quarter, namely, Lot 10, Starhill Gallery and the JW Marriott Hotel Kuala Lumpur.
In addition, the increases in Starhill REIT's revenue and income were contributed mainly by increases in service charge rates, higher rentals received from the renewal of existing tenancies and the commencement of new tenancies at Starhill Gallery and Lot 10. Meanwhile, the Group's listed property development division, YTL Land & Development Berhad, reported profit after taxation of RM1.15 million for the quarter under review.
Rounding out the Group's listed subsidiaries, YTL e-Solutions Berhad, the Group's information technology division, reported an 81.2% jump in profit after taxation to RM2.18 million on the back of a 35.2% increase in revenue to RM9.46 million for the first quarter ended 30 September 2008.
Shareholders Rewarded with Interim Dividends YTL Power declared a first interim dividend for the financial year ending 30 June 2009, comprising a 6% gross dividend less Malaysian income tax and a 3% single tier dividend. The book closure date for this interim dividend is 5 January 2009 and the payment date is 20 January 2009.
YTL Cement declared a first interim dividend for the financial year ending 30 June 2009, comprising a 3% gross dividend less Malaysian income tax and a 7% single tier dividend. The book closure date for the interim dividend is 5 January 2009 and the payment date is 20 January 2009.
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Never too late to know CIMB also calling buy on Ytlpower with TP 2.25 :-
0721 GMT [Dow Jones] YTL Power International (6742.KU) +0.6% at MYR1.73 in thin volume; this despite annualized 1Q09 core net profit falling 30% short of consensus FY net profit. CIMB says results within expectations as group booked full one-off windfall tax charge of MYR90 million during that quarter. "Its local power earnings should normalize in the subsequent quarters," CIMB adds. Notes, positive surprise from first interim gross dividend per share of 5 sen. Also, YTL Power''s cash hoard swelled to MYR10.0 billion as at end of Sept from MYR9.3 billion at end of June. "The group sees increasing opportunities in these times as recessionary concerns have depressed asset values. The group has indicated that it is eyeing power assets with a preference for regulated and brownfield assets," CIMB says. Keeps Buy rating on stocks with slightly lower MYR2.25 sum-of-parts based target from MYR2.30 previously. (VGB)
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Cash is king in recession , 10 billion is really super cash kow 4 Ytlpower ! too bad , Francis Yeoh doesnt want to involve in gambling sector, otherwise , Sands' casino in Macau is one of d super goldmines !
Still d same, my next entry level 4 ytlpowerwb is @ < 0.40 ! $$$$$$$
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