thank you very very much

i decided to allocate the for the following counter
asiapac
k&N kenanga
ta ent
xdl
csl
bpuri

I couldn't agree more..

Probably need to add some Chouhua

5% p.a. loan for two weeks?

Bursa Malaysia Derivatives organised several Education Workshop,

my broker friend are sponsoring several entry tickets for FREE with no terms & condition attached.

Any one interested, please have a visit at this lowyat Events link, TQ TQ.

https://forum.lowyat.net/topic/3219542

Lalat flying all over the place.....

Hi all sifus here, let's talk some wind abit

YTL corp 4677

current price RM1.65; PE:13.28

financial year profit to shareholder:
2010- 856,764
2011- 1,034,569
2012- 1,181,123
2013 -1,334,155

well about price trend..... errr stagnant since 2 years back, which causes a low PE value

strength: reputation, core business in properties and power, cash rich (cash rich will have many advantages during recession )

weakness: less competitive (less project) against other company such as mah sing, sime and sp setia

for a blue chip to have a low PE is actually quite a rare case. somebody is tightly holding the price for his accumulation stage many other which cursing this share for being too stagnant

any opinion?

This post has been edited by spring onion: May 13 2014, 12:11 PM

Stock to talk.


Wait ah... let me find me thinking cap.

You might want to incorporate the TTM profits into your brief analysis.

TTM = trailing twelve months earnings.

This TTM gives a more 'current' earnings compared to the previous year (in this case) 2013 numbers.

Half year profits 811.098 million.
At this pace, if you use the simple annualised calculation, 2014 could easily reached 1.6 billion.
Which is a much better number than 1.3 billion.

Anyway, TTM profits for YTL is 1.490 billion.
Share base is 10,738,000,000.
TTM EPS is 13.87 sen.
PE at 1.65 is ~ 11.9x.


However to complicate things (which makes shares so fun.. ) if you read the latest profits report, there was a one off gain from an adjustment of property value. This resulted in an accounting gain of over 353 million.

If you take out this gain, this change the whole picture.....
ie.. minus out 353 million from 811 million (this half profit)...
you would see that current half year profit is actually not as good compared to last year.....

ok so far?

oh ya TTM 383+427

revaluation of land, oopps, never bothered to check. but being a property player, revaluation of land is pretty much normal. understandable why their profit are poorer, cause their revenue also not much

There is one myth about YTL companies....

Ask you first, how do you define cash rich for a person?

Do you just look at his cash accounts, current accounts,, fixed deposit accounts etc etc.....

But what about his debts?
For example, credit card debts, car loans, house loans, student loans etc?

You would need to make those comparisons to ascertain his cash richness, right?

Same with YTL Corp (and even YTL Power)

Why do we keep hearing that these companies, are so cash rich.

Yes, they have a lots of cash but then, they have their mountain of debts too.

For example, from their last profit report, you can see that they have big money.....



* cash is actually less compared to last year *

but then, you can see their mountain of debts.

cash rich in terms of cash in banks LOL. RM12 bil FD

not to forget they have 8 bil worth of investment properties on hand too

i do notice they have a large borrowing in terms of bond. but it is not completely a bad thing right? if it's loan at 12 bil i dont understand why they putting money on FD instead of clearing some, since they are not very active these years.

my guess is they have some big plan soon, how soon? i don't know

if you are one that thinks EPS/PE is important, then it is also important to check if there is any accounting profits boosting their bottom lines.

I, understand the need the need for property revaluation.
But then the booking of profits from these property revaluation distorts the whole picture.

i do notice they have a large borrowing in terms of bond. but it is not completely a bad thing right?

no it's not a bad thing.
Like I said I just want to point out this myth.
So many people in forums, they just say, YTL is cash rich.
I just feel they need to be more accurate.
Yes, they have plenty of cash but they just have that plenty of debts too.

if it's loan at 12 bil i dont understand why they putting money on FD instead of clearing some, since they are not very active these years.

For this point, I think you need to do some homework. LOL!
If you tabulate their cash balances since 2010, you would see a pattern (ie you can guess/understand the management mindset)....
cash amount in the bank has always been high over the years......
it's like their so-called war chest ....

but over the years....
YTL have been acquiring companies here and there ....
and they use loans to do so (not say is a bad thing.. )

which is where I think things stand......
high cash but also heavy leverage also......

and the price to pay?
it's not tally very efficient as a company....
as a company, despite its huge cash balances, it pays more interests than receiving interests.... (again not saying it is a totally bad thing... )

This post has been edited by Boon3: May 13 2014, 01:56 PM

looks like i got plenty stuff to study about

No liquidity ! period.

Same as many other KLSE counters.
Better pray that nothing wrong happened to this company. Otherwise, when there is no taker, it plunged like a rock.

Actually not bad what.
You have put in plenty of effort....

Actually the price is not really stagnant.



Price has been declining from 2.10 to 1.50+...

However, recently there are signs of change.....



zooming in....



Worth a buy?

Besides the 'green shoot' seen in the chart...
do you see any positive catalyst for the stock?

What is going to make buyers rush to buy this stock?

It's not rare to have a low PER. Bear in mind YTL is a diversified holding company. It's hard to give a true value for investment holding company. Just look at Insas for example.

Let me dig out some stuff for you to study....

go see if you want to do some fake trading in it.


give ma an hour or so...

This post has been edited by Boon3: May 13 2014, 02:43 PM

Chart can be misleading, especially the last one.

Altho it show big fluctuations, but if u look carefully, the difference is only 20 cents in 7 months. Btw, the big long white candle is probably a fund buying.