⚡ YTL Power International – Fourth quarter results: Beats street, AI on track
![⚡ YTL Power International – Fourth quarter results: Beats street, AI on track](https://ussnsimg.moomoo.com/sns_client_feed/80001374/20240822/1724304555992-b282bdd80c.png/big?area=100&is_public=true)
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.
📌 Read on for more: https://tinyurl.com/2s4374d9
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