Earnings stability can give YTL Power a lift

Quick Summary:

YTL Power International Bhd is favoured by analysts for its earnings stability, strong earnings prospects and growth potential driven by its data centre (DC) and digital banking ventures.

CGSI Research added that its target price was lowered as it scaled back its margin assumptions for its DCs as it saw diminishing first-mover advantage for YTL Power amid rapidly rising competition.

The research house believes nascent earnings of DC booked in 4Q24 will start to contribute meaningfully from the second half of 2025 (2H25) as artificial intelligence (AI) DC starts.

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Category: EconomyBusiness

Markets: MalaysiaUnited Kingdom

Topics: YTLPower PowerSeraya DataCentre DigitalBanking /Business/Business News Corporate News EarningsGrowth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 600 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 22216041

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