Apa kekuatan utama YTLPOWR?

Stable utility cash flows + growth option from AI/data centers powered by NVIDIA GB200 GPUs.

High leverage, regulatory approval for DC projects, energy & water costs, weak telco segment.

Apa paras harga penting?

Support at RM4.20 & RM4.00; resistance at RM4.55 then RM4.80–5.00.

Apa ramalan harga 12 bulan?

Base RM4.10–4.60; bull RM5.00–5.30 (upside to 6.00); bear RM3.80–4.00.

Patutkah saya beli sekarang?

Entry depends on risk appetite. Breakout >RM4.56 with volume or buy dips near RM4.05–4.20 with stop-loss discipline.

KLSE : YTLPOWR – Analisis Fundamental & Teknikal

YTL Power International Bhd (KLSE: YTLPOWR) — Fundamentals, Technicals, News & Price Outlook

Last updated: 18 Sep 2025 • Currency: MYR • Sector: Utilities / Data Centers

Last Close (approx.)

RM 4.30

52-Week Range

RM 2.83 – 4.55

TTM Revenue

~ RM 21.8B

EBITDA

~ RM 6.6B

Trailing P/E

~ 15–16x

Dividend Yield

~ 1.6%

1) Fundamental Analysis

Valuation

P/E ~15–16×; fair vs regional utilities, premium justified by AI/DC optionality.
P/B ~1.7×; neutral zone.
EV/EBITDA ~10×; capex-intensive, must watch utilisation & margins.

Profitability & Cash

EBITDA ~RM6.6B; PowerSeraya SG and Wessex Water UK remain steady contributors.
Cash & equivalents ~RM11.3B → ample capex & dividend flexibility.

Balance Sheet

Debt-to-equity ~1.75×; leverage higher than peers, sensitive to rates.
Interest coverage adequate (~2.8×) but stretched if rates rise.

Takeaway: Stable utility cash flows + AI/DC growth potential offset by high leverage risks.

2) Technical Analysis (snapshot)

Trend: Uptrend intact while >RM4.20.
Momentum: RSI near 60 (neutral-positive), MACD constructive.
Key levels: Support RM4.20 & RM4.00; resistance RM4.55 then RM4.80/5.00.

Level	Price	View
Support S1	RM 4.20	Buy-on-dip zone
Support S2	RM 4.00	Trendline retest
Resistance R1	RM 4.55	52W high, needs volume
Resistance R2	RM 4.80 – 5.00	Measured move if breakout

3) News & Catalysts

AI/Data Center: US$2.36B JV with NVIDIA, GB200 GPU-powered green DC capacity.
Utility Core: PowerSeraya margins strong; Wessex Water steady.
Grid & Policy: Malaysia tightening DC guidelines; TNB investing RM43B in upgrades.
Dividends: Interim 4 sen + upcoming 4 sen; stable payout track record.

Catalyst map: DC Go-LiveGPU DeploymentTenant ContractsDividend Updates

4) Price Prediction & Hold Duration

Base case (3–6m): RM4.10–4.60 consolidation, progress on DC projects.
Bull case (6–12m): RM5.00–5.30 (→RM6.00) if contracts & utilisation strong.
Bear case (3–6m): RM3.80–4.00 if regulation or delays hit sentiment.

Horizon	Target	Strategy
1–3 months	RM4.10–4.55	Range trade; buy dips near support, take profit near resistance.
6–12 months	RM5.00–5.30	Hold if DC milestones achieved; trim if delays.
12+ months	Speculative upside	High beta, catalyst-driven; size positions carefully.

Risk control: Stop-loss ~RM3.95, scale out profits near RM4.80–5.00.

5) Quick Pros & Cons

Pros: Stable utility cash flows, AI/DC growth, strong cash position.
Cons: High leverage, regulatory uncertainty, execution risk on DC, telco drag.

Disclaimer

This content is for information only and not investment advice. Figures are approximate and subject to change. Always verify with official filings and broker data.