⚡ YTL Power International – Fourth quarter results: Beats street, AI on track
Macquarie Equities Research (MQ Research) released a report on 21 August, highlighting the fourth quarter financial results of YTL Power International (YTLPOWR). The report stated that YTLPOWR’s 4Q24 adjusted net profit of RM920mn reflecting a 25% decline year-on-year (y/y) but a 26% increase quarter-on-quarter. For FY24, the adjusted net profit reached RM3.4bn (57% y/y) which met MQ Research’s forecasts but beat Bloomberg consensus by 8%.
MQ Research maintains its Outperform rating on YTLPOWR, as it offers a scarce proxy to ride Nvidia’s boom in the ASEAN region. It sees the recent share price weakness as an opportunity to accumulate.
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The official account of Macquarie Warrants Malaysia
Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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