YTL Power International #103 - Quarterly rpt on consolidated results for the financial period ended 30 Jun 2026

 

...YTL Power has declared a Second Interim Dividend of RM 0.0400 per share payable on 23 October 2026.

YTL Power International #102 - Quarterly rpt on consolidated results for the financial period ended 31 Mar 2026

 

...YTL Power has announced an Interim dividend of 4 sen per ordinary share, for the financial year ending 30 June 2026, payable on 10 July 2026.

YTL Power International #101 - I asked Gemini "After the YTL Power Data Centre IPO, is it better to keep the shares of YTL Power or the shares of the Data Centre business?"

Gemini answered:

Deciding whether to hold YTL Power International (YTLP) or its newly listed Data Centre (DC) business depends entirely on whether you are prioritizing steady income or aggressive growth. Both represent different layers of the same ecosystem, but their risk-return profiles will likely diverge once the listing occurs.

Here is a breakdown to help you weigh the two options:

1. YTL Power (The Parent): The Balanced "Utility+" Play

Holding YTLP is a play on the entire group's infrastructure portfolio. As the parent, YTLP will likely retain a majority stake in the DC business, meaning you still benefit from the DC's success through YTLP's consolidated earnings.

Diversified Cash Flow: You aren't just betting on data centers. You have the defensive earnings from Wessex Water (UK) and the power generation margins from PowerSeraya (Singapore).

Dividend Stability: Historically, YTLP uses its diversified income to sustain dividends. If you are looking for that RM0.04–RM0.06 quarterly payout (or the projected growth through 2030), the parent is generally the safer harbor.

Holding Company Discount: One risk is that the market often applies a "conglomerate discount" to parent companies, meaning YTLP’s share price might not rise as sharply as the DC subsidiary even if the DC business performs exceptionally well.

2. The DC Business (The Subsidiary): The Pure Growth Play

This is a focused bet on the AI-driven infrastructure boom. This entity will hold the Johor Green Data Centre Park assets and the Nvidia AI infrastructure partnerships.

Higher Valuation Multiples: Data center stocks (especially AI-linked ones) typically trade at much higher Price-to-Earnings (P/E) or EV/EBITDA multiples than traditional utilities. This offers higher potential for capital gains.

Direct AI Exposure: If your goal is to capture the "re-rating" of YTL from a utility company to a tech infrastructure powerhouse, the subsidiary provides the "purest" exposure without the "drag" of legacy utility assets.

Capital Intensive / No Dividends: Expect this entity to reinvest every cent of profit back into scaling capacity (aiming for that 1,000MW target). It is unlikely to pay significant dividends in its early years post-IPO.

Comparison Table

Feature	YTL Power (Parent)	Data Centre Business (IPO)
Primary Goal	Income & Stability	Aggressive Capital Growth
Risk Profile	Lower (Diversified)	Higher (Concentrated/Execution risk)
Dividend Potential	High (Utility cash flows)	Low (Reinvesting for expansion)
Market Valuation	Utility multiples (Lower)	Tech/DC multiples (Higher)
Exposure	Water, Power, Telco, & DC	Pure AI & Data Centre Infrastructure

Often, when a parent company spins off or lists a "star" subsidiary, the parent’s share price sees a one-time jump as the "hidden value" of that subsidiary is finally quantified by the market.

If you hold YTLP: You may benefit from this re-valuation and continued dividends.

If you switch to the DC stock: You are betting that the specific AI-DC sector will outperform the broader utility market over the next 3–5 years.

The Middle Ground: Many investors choose to keep their YTLP shares for the "floor" provided by the utility earnings and dividends, while using the IPO as an entry point to add a smaller, more aggressive position in the DC business specifically for the AI upside.

YTL Power International #100 - YTL Power's Data Centre Expansion Plan

 

YTL Power International #99 - I asked Google's NotebookLM...

 I asked Google's NotebookLM the question "Why does the EPF keep buying the shares of YTL and YTL Power?"...

NotebookLM generated the following text,

"These reports detail the strategic expansion and financial performance of YTL Power International, highlighting its significant transition into artificial intelligence and digital infrastructure. The company has successfully launched Ilmu, Malaysia's first indigenous large language model, and completed a high-tech data centre in Johor powered by Nvidia technology. Financial analysts maintain a positive outlook, noting that the Employees Provident Fund has consistently increased its stake in the firm to over 10% as a sign of institutional confidence. Beyond technology, the group continues to see robust earnings from its traditional utility assets in Singapore and the United Kingdom, alongside new ventures into digital banking. Furthermore, the parent company, YTL Corp, is actively optimizing its portfolio by divesting portions of its cement business and eyeing new acquisitions in the hospitality sector. Collectively, the sources portray a diversified conglomerate successfully pivoting towards sovereign AI and sustainable long-term growth."

and these slides,

YTL Power International #98 - Interim financial report on consolidated results for the financial period ended 31 December 2025

 

YTL Power International #97 - Quarterly rpt on consolidated results for the financial period ended 30 Sep 2025

 

YTL Power International #96 - Quarterly rpt on consolidated results for the financial period ended 30 Jun 2025

 

...YTL Power has declared a Second Interim Dividend of RM0.04 per share payable on 23 October 2025.

YTL Power International #95 - Quarterly rpt on consolidated results for the financial period ended 31 Mar 2025

 

...YTL Power has declared an Interim dividend of 4 sen per ordinary share for the financial year ending 30 June 2025 payable on 10 Jul 2025.

YTL Power International #94 - Quarterly rpt on consolidated results for the financial period ended 31 Dec 2024

 

YTL Power International #93 - YTL Corp, YTL Power plan free warrants; exercise prices at discount to market prices

 

YTL Power International #92 - Quarterly rpt on consolidated results for the financial period ended 30 Sep 2024

 

YTL Power International #91 - THIRTY LARGEST SHAREHOLDERS FY2024

 

YTL Power International #90 - 2024 Annual Report

 

YTL Power International #89 - Quarterly rpt on consolidated results for the financial period ended 30 Jun 2024

 

...YTL Power has declared a Second interim dividend of 4 sen per ordinary share for the financial year ended 30 June 2024 payable on 29 November 2024.

YTL Power International #88 - Quarterly rpt on consolidated results for the financial period ended 31 Mar 2024

 

...YTL Power has declared an Interim dividend of 3 sen per ordinary share, for the financial year ending 30 June 2024, payable on 28 June 2024.

YTL Power International #87 - YTL Power Daily chart updated till 26 April 2024

 

...As seen from the Daily chart, YTL Power broke above the previous all-time high of RM4.24 to close at RM4.42 on Friday, 26 April 2024.

YTL Power International #86 - YTL Power set to deploy and manage Nvidia’s AI supercomputer in Johor

 

YTL Power International #85 - Quarterly rpt on consolidated results for the financial period ended 31 Dec 2023

 

YTL Power International #84 - YTL PowerSeraya to build hydrogen-ready power plant by end-2027