Latest news with #YTLPowerInternationalBhd
New Straits Times
08-07-2025
- Business
- New Straits Times
YTL Power invests RM10bil in AI, urges local firms to leverage technology
KUALA LUMPUR: YTL Power International Bhd has invested about RM10 billion in artificial intelligence (AI) and AI infrastructure to date and encourages Malaysian companies to invest in AI and leverage the infrastructure. YTL Power is a subsidiary of YTL Corporation Bhd. Yeoh Keong Hann, executive director of YTL Power International Bhd said the company has invested in data centres, which he described as one of the world's largest data centre parks, as well as in graphics processing units (GPUs) and a large language model. "We have 200 megawatts operational, and we can go up to 600 megawatts. We have the world's largest hyperscalers with us at our campus and a partnership with NVIDIA, which encompasses GPU chips. "We also have the world's fastest chips, the GB200 Blackwell chips, in Malaysia, in our data centres right now, and they will be operational very soon," he told reporters in Rio de Janeiro, Brazil at the conclusion of Prime Minister Datuk Seri Anwar Ibrahim's official visits to Italy, France and Brazil. Yeoh said Anwar understands the impact of AI and AI technology for the country, and has said that he wants the company to explore further investments in the area. "We will invest, and we are very grateful for the support of the government, and also to be part of this trip and this delegation, where we see a lot of global interest in our expertise and technology. "Being with this trip also allowed us to meet with our counterparts in Paris, Rome and Rio de Janeiro, and really share insights. Hopefully, we can export this knowledge, expertise and technology globally," he said. Yeoh also said YTL Power is set to debut Malaysia's very own large language model (LLM), ILMU 1.0 as well as Ryt Bank, Malaysia's first AI-powered digital bank. YTL Power International Bhd was part of the Malaysian delegation on the official visits, which began on July 1 and aimed at strengthening bilateral relations and boosting trade and economic cooperation. Other Malaysian participants included Petroliam Nasional Bhd, Tenaga Nasional Bhd, Malayan Banking Bhd, FGV Holdings Bhd and Khazanah Nasional Bhd.
The Star
08-07-2025
- Business
- The Star
YTL Power invests RM10bil in AI, encourages local companies to leverage AI infrastructure
An illustration of the YTL Green Data Center Park, a 500MW data centre campus in Johor KUALA LUMPUR: YTL Power International Bhd has invested about RM10 billion in artificial intelligence (AI) and AI infrastructure to date and encourages Malaysian companies to invest in AI and leverage the infrastructure. YTL Power is a subsidiary of YTL Corporation Bhd . YTL Power vice president for commercial, Dominic Hua, said the company has invested in data centres, which he described as one of the world's largest data centre parks, as well as in graphics processing units (GPUs) and a large language model. "We have 200 megawatts operational, and we can go up to 600 megawatts. We have the world's largest hyperscalers with us at our campus and a partnership with NVIDIA, which encompasses GPU chips. "We also have the world's fastest chips, the GP200 blackboard chips, in Malaysia, in our data centres right now, and they will be operational very soon,' he told reporters in Rio de Janeiro, Brazil at the conclusion of Prime Minister Datuk Seri Anwar Ibrahim's official visits to Italy, France and Brazil. Hua said Anwar understands the impact of AI and AI technology for the country, and has said that he wants the company to explore further investments in the area. "We will invest, and we are very grateful for the support of the government, and also to be part of this trip and this delegation, where we see a lot of global interest in our expertise and technology. "Being with this trip also allowed us to meet with our counterparts in Paris, Rome and Rio de Janeiro, and really share insights. Hopefully, we can export this knowledge, expertise and technology globally.' Hua also said YTL Power is set to debut Malaysia's very own large language model (LLM), ILMU 1.0 as well as Ryt Bank, Malaysia's first AI-powered digital bank. YTL Power International Bhd was part of the Malaysian delegation on the official visits, which began on July 1 and aimed at strengthening bilateral relations and boosting trade and economic cooperation. Other Malaysian participants included Petroliam Nasional Bhd, Tenaga Nasional Bhd , Malayan Banking Bhd , FGV Holdings Bhd and Khazanah Nasional Bhd. -- BERNAMA TAGS: YTL Power, Data centre, AI, Dominic Hua
The Star
02-07-2025
- Business
- The Star
Investors focus on value stocks with liquidity
Kenanga Research has retained FBM KLCI year-end target at 1,655. PETALING JAYA: Investors will continue to focus on quality stocks with liquidity as the local bourse goes through recovery since the 90-day reciprocal tariff pause, says Kenanga Research. The research house said the general market recovery had gone to pre-Liberation Day levels and market valuation discount would dissipate once a favourable verdict is given on the reciprocal tariffs. The stocks in focus include YTL Power International Bhd , IJM Corp Bhd , Sime Darby Property Bhd , and CIMB Group Holdings Bhd . 'Since the tariff pause, Malaysia's large cap stocks have generally rebounded faster than the broader market. 'Valuations of the small cap segment, where we previously only concentrated on visible sectors such as renewable energy/water, is becoming more palatable,' the research house said. Malaysia's 24% tariff stacked favourably compared with those of its peer countries including Vietnam (46%), Thailand (36%) and Indonesia (32%). 'We foresee that if the outcome of the negotiations shows that Malaysia is a net beneficiary, our economic forecast for gross domestic product (GDP) of 4.3%, will largely remain intact. 'Likewise, our market earnings growth estimate of 3.5% is also consistent with a GDP growth of at least 4%, in our view,' it added. The research house projected reciprocal tariff discussions to even be prolonged beyond July 9. 'So far, Malaysia has described talks as 'progressing well', and thus could emerge more hopeful to seal an agreement as both sides accelerate talks towards a deal. 'Elsewhere, the United States and China have formalised a deal involving rare earth shipment, with the United States also looking to cancel a series of restrictive measures,' it said. The research house added that the risk of a prolonged reciprocal tariff would not be a welcome development given that the uncertainty premium would act as an overhang. Kenanga Research said a favourable tariff differentiation outcome would help the tech sector, particularly certain tech stocks such as PIE Industrial Bhd and SKP Resources Bhd who can crystalise their pipeline of potential relocating customers. It expected a manageable environment, with an anticipated ringgit tailwind that augurs well for dividend stocks or banking counters. It added that the third quarter of the year could usher in some domestic cost hurdles, but overall inflation is a manageable 2%. 'Our top market picks see CIMB join the likes of AMMB Holdings Bhd , Tenaga Nasional Bhd , Fraser & Neave Holdings Bhd , Gamuda Bhd and YTL Power, but Malayan Banking Bhd is dropped,' the research house said. It has retained FBM KLCI year-end target at 1,655 based on a 15.5 times price earnings ratio valuation. 'Geopolitics form a potential risk. We have earlier said that the Iran-Israel conflict escalation could cause us to revisit market valuations if there was a spillover into a broader regional conflict, and this has been so far averted,' Kenanga Research added.
New Straits Times
08-06-2025
- Business
- New Straits Times
YTL Power's AI compute could lift FY26 earnings by 4pct
KUALA LUMPUR: YTL Power International Bhd's artificial intelligence (AI) compute initiative is on track for a launch in the third quarter of 2025 (3Q25). Maybank Investment Bank Bhd (Maybank IB) expects this to drive a potential net profit increase of around four per cent in financial year 2026 (FY26) and six per cent in FY27. The firm continues to view YTL Power's risk-reward profile positively, especially given its undemanding valuations. This optimism is supported by the anticipated confirmation of Wessex's medium-term recovery as well as encouraging progress in its data centre and AI compute business. Maybank IB maintained a 'Buy' rating on YTL Power with an unchanged target price of RM4.20. Based on news reports, it said the group's AI compute business is on track to go live in 3Q25. "While substantially more capital expenditure intensive on a per megawatt (MW) basis, the gestation period is likely minimal, unlike data centre colocation, because graphic processing units, which are the biggest cost item, are typically only procured after securing off-takers. "Thus, upon commissioning, AI compute is likely to be immediately earnings accretive to YTL Power, in our view," it added. Assuming a 20MW deployment as planned, Maybank IB said YTL Power could incur about RM2.1 billion in capital expenditure, which could, in turn, generate around RM130 million in profit after tax annually. It said a 3Q25 launch for the initial 20MW would allow AI compute to contribute at least three quarters to YTL Power's FY26, potentially lifting its net profit forecasts by about four per cent and six per cent for FY26 and FY27, respectively.
New Straits Times
23-05-2025
- Automotive
- New Straits Times
YTL Power drives Malaysia's AI breakthrough
KUALA LUMPUR: YTL Power International Bhd is on track to launch Malaysia's first AI supercomputer by the third quarter of 2025, marking a major milestone in the country's digital transformation journey. Hosted at the 500-megawatt YTL Green Data Centre Campus in Johor, the system will be powered by the cutting-edge Nvidia GB200 Grace Blackwell Superchip, deployed via NVIDIA DGX Cloud. The rollout positions YTL Power as one of the first cloud service providers in Asia Pacific to offer the revolutionary Nvidia Blackwell Ultra platform. YTL Power managing director Datuk Seri Yeoh Seok Hong revealed that the DGX Cloud will be launched in tandem with ILMU 1.0, Malaysia's first locally developed large language model (LLM). "This AI cloud infrastructure will provide the foundation for the country's sovereign AI and will power our very own Malaysian-owned LLM, ILMU 1.0," he told Business Times. It will catalyse the development of local AI capabilities, paving the way for next-generation innovations built by Malaysians for Malaysians. Yeoh added that as the first in the region to deploy the Blackwell Ultra platform, YTL Power is proud to position Malaysia at the forefront of AI innovation in Asia Pacific. Alexis Bjorlin, vice president and general manager of DGX Cloud at Nvidia, confirmed to The Edge on Wednesday that the rollout is progressing smoothly and remains on schedule. She cited Malaysia's stable power infrastructure and strong manufacturing ecosystem as key reasons for choosing the country as a regional hub. Bjorlin also affirmed that YTL is Nvidia's inaugural partner in the region, a strategic collaboration she said would deliver significant mutual benefits and further expand the reach of advanced AI capabilities across Asia. The Blackwell Ultra platform is Nvidia's most advanced GPU architecture to date, with global shipments set to begin in the second half of 2025. However, YTL Power's early adoption guarantees that Malaysia will have access to this next-generation infrastructure before the rest of the world. In a statement issued in mid-March, Yeoh reiterated the group's commitment to delivering powerful, enterprise-grade AI cloud computing to the region. With YTL Cloud, its subsidiary and designated Nvidia cloud partner (NCP), the group is now among the first in Asia Pacific to offer commercial access to Blackwell-powered infrastructure. Hong said the collaboration with Nvidia enables Asia to access the most advanced AI platforms and solutions, ensuring the region remains competitive and aligned with global technological progress as the world moves rapidly into an AI-driven future.
