*YTL Power (YTLP MK, BUY, TP: MYR4.70)* _All Eyes On AI-DC Deal; Keep BUY_ Results Review Keep BUY, new MYR4.70 TP from MYR5.68, 47% upside with c.2% FY25F (Jun) yield. Although YTL Power’s 1QFY25 results missed our estimate, we believe the moderation in its net profit will still be largely anchored by its UK subsidiary Wessex Water’s earnings recovery. Management guided that the first 20MW artificial intelligence data centre (AI-DC) project is on track and the negotiations on this deal are at an advanced stage.
*Sunway (SWB MK, BUY, TP: MYR5.75)* _Parc Central Lifts 3Q24 Earnings; Keep BUY_ Results Review BUY, new MYR5.75 TP from MYR5.00, 16% upside with c.1% FY24F yield. Sunway’s 3Q24 results are in line. 3Q earnings were largely driven by the completion of Parc Central Residences in Singapore, with MYR124m in accumulated development profit recognised. As its 9M24 property sales totalled MYR1.85bn, Sunway is on track to meet its full-year target of MYR2.6bn. We raise our TP, as Sunway Healthcare Group (SHG) may be worth more – in view of the recent re-rating of listed healthcare stocks – supported by strong earnings. We now value SHG at 26x EV/EBITDA.
Edmund5311 : Sunway higher than expected ER is already accounted for in the share price. In the end, those institutions and Mm controls the market.
103522137 : When it’s good it goes down, when it’s not so good it goes up
StockTrooper : ytl profitable just forex loss (paper loss).. now USD gone back up next qr will be cun
104735017 : You see revenue, profits, ytlpower is on better side
103667902 : overbought, exactly like nvidia
CK168 : sunway already so high.. sure got pull back and profit taking..
StockTrooper : *RHB Morning Cuppa*
*YTL Power (YTLP MK, BUY, TP: MYR4.70)*
_All Eyes On AI-DC Deal; Keep BUY_
Results Review
Keep BUY, new MYR4.70 TP from MYR5.68, 47% upside with c.2% FY25F (Jun) yield. Although YTL Power’s 1QFY25 results missed our estimate, we believe the moderation in its net profit will still be largely anchored by its UK subsidiary Wessex Water’s earnings recovery. Management guided that the first 20MW artificial intelligence data centre (AI-DC) project is on track and the negotiations on this deal are at an advanced stage.
*Sunway (SWB MK, BUY, TP: MYR5.75)*
_Parc Central Lifts 3Q24 Earnings; Keep BUY_
Results Review
BUY, new MYR5.75 TP from MYR5.00, 16% upside with c.1% FY24F yield. Sunway’s 3Q24 results are in line. 3Q earnings were largely driven by the completion of Parc Central Residences in Singapore, with MYR124m in accumulated development profit recognised. As its 9M24 property sales totalled MYR1.85bn, Sunway is on track to meet its full-year target of MYR2.6bn. We raise our TP, as Sunway Healthcare Group (SHG) may be worth more – in view of the recent re-rating of listed healthcare stocks – supported by strong earnings. We now value SHG at 26x EV/EBITDA.
103235258 : Sunway - sell on news; ytlp - fundamentally still solid, oversold in last few months, institution buy back.
笑莎 Ah Sa : Magical country
Edmund5311 笑莎 Ah Sa : Do you have a crystal ball to predict when it will drop again?
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