YTL Power's reserved gas turbines could unlock RM8bil valuation uplift
KUALA LUMPUR: YTL Power International Bhd’s seven reserved gas turbines could potentially generate RM750 million to RM850 million in earnings and deliver a valuation uplift of about RM8 billion if fully deployed.
YTL Power International Bhd's seven reserved gas turbines could unlock a valuation uplift of about RM8 billion if fully deployed, according to CGS International Securities Malaysia Sdn Bhd. The firm estimates that a 1.4GW combined-cycle gas turbine (CCGT) plant could generate RM200 million to RM250 million in annual profit after tax, leading to potential earnings of RM750 million to RM850 million from the reserved turbines and a valuation uplift of RM8 billion.
CGS International highlighted the significance of turbine availability in new CCGT awards due to tight global supply and extended lead times. The company recently secured four additional gas turbine sets with Siemens Energy, strengthening its competitive position and execution readiness in pursuing new CCGT opportunities.
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