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YTL Corporation

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YTL Corporation Berhad
Company typePublic
MYX: 4677 and TYO: 1773
ISINMYL4677OO000
IndustryConglomerate
Founded1955
FounderYeoh Tiong Lay
HeadquartersKuala Lumpur, Malaysia.
Area served
11 countries and territories
Key people
RevenueIncrease RM 29.62 billion (2023)
Increase RM 2.12 billion (2023)
Total assetsIncrease RM 81.46 billion (2023)
Number of employees
12,627
Subsidiaries
Websitewww.ytl.com

YTL Corporation Berhad is a conglomorate based in Malaysia. The company was founded by Yeoh Tiong Lay in 1955 as a construction company. The company has operations in Malaysia, Singapore and the United Kingdom, and it has additional business interests, investments, and projects under development in other countries including Australia, France, Indonesia, Jordan, the Netherlands, Thailand, and Vietnam.

YTL Corporation Berhad ranks among the largest companies on the Bursa Malaysia Securities Berhad, commonly known as the Kuala Lumpur stock exchange, and is included as one of the 30 component companies of the FTSE Bursa Malaysia KLCI, the principal benchmark index of the stock exchange. The company also has a secondary listing on the Prime Market Foreign Stocks Segment of the Tokyo Stock Exchange, where it became the first non-Japanese Asian company to be listed in 1996. Additionally, YTL Corporation is featured as a component stock in the MSCI Malaysia Index.[1]

Subsidiaries

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YTL Corporation Berhad and its listed entities in Malaysia, which include YTL Power International Berhad, YTL Hospitality REIT, and Malayan Cement Berhad (formerly known as Lafarge Malaysia Berhad), have a total market capitalisation of approximately RM100 billion (USD21 billion) as of 30 June 2024. YTL Corp also has an interest in Starhill Global REIT, a Singapore-listed entity that owns prime retail assets in Singapore, Malaysia, Japan, China, and Australia.[1]

YTL Corporation Berhad operates through its subsidiaries in various sectors, primarily focusing on power generation, water and sewerage services, cement manufacturing, construction, property development, hotel and resort management, telecommunications, digital banking, data centers, artificial intelligence, cloud computing, renewable energy, and education. Utilities constitute the largest portion of the company’s revenue at 71%, followed by cement manufacturing at 16%, construction and hotel operations each at 4%, with the remaining revenue distributed among other sectors.[citation needed]

Subsidary Business
YTL Power International Utility, cloud computing
YTL Cement Construction material
YTL Construction Construction
YTL Land and Development Property development
YTL Hospitality REIT Hospitality
YTL Communications Telecommunication
Express Rail Link Transportation

Operations

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Malaysia

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YTL's core operations are concentrated in Malaysia. YTL Power International is a major player in the country's power generation and water sectors. YTL Communications provide telecommunication services under the YES brand. YTL Construction has undertaken large-scale infrastructure projects across the country, including power plants, airports, hospitals, railway lines, and commercial and residential buildings. YTL Land is responsible for property development, with a significant land bank and townships like Sentul in Kuala Lumpur under its belt. YTL Hospitality REIT manages and develops a portfolio of renowned hospitality properties like Pangkor Laut Resort and The Ritz-Carlton, Kuala Lumpur. Express Rail Link operates the KLIA Ekspres and KLIA Transit high-speed rail services connecting Kuala Lumpur International Airport (KLIA) with Kuala Lumpur Sentral.[2]

Singapore

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YTL Power owns and operates YTL PowerSeraya in Singapore, a company with a total licensed generation capacity of 3,100 megawatts and involved in multi-utility operations.[3] Additionally, YTL Corp has a significant stake in Starhill Global REIT, a Singapore-based Real Estate Investment Trust (REIT) that invests in prime retail and office properties across Singapore, Malaysia, Japan, and China.

In July 2024, YTL announced its intention to expand into the industrialized building systems sector through YTL Cement Bhd, which plans to acquire a significant stake in NSL Ltd, a company based in Singapore.[4]

United Kingdom

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YTL's presence in the United Kingdom is through Wessex Water, a water and sewerage provider serving 2.9 million customers.[5] YTL Developments UK Limited is another venture undertaking the development of Brabazon, a mixed-use property project on the historic Filton Airfield site in Bristol.[6]

Other Countries

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YTL Power has investments in power generation companies PT Jawa Power and PT Jawa Timur in Indonesia. Attarat Power, a power generation company in Jordan, is also owned by YTL Power.[7]

References

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  1. ^ a b "YTL Corporation Berhad - About Us". www.ytl.com. Retrieved 27 July 2024.
  2. ^ Fakhri, Ameer (23 January 2024). "ERL granted 30-year concession extension". ERL granted 30-year concession extension. Retrieved 25 July 2024.
  3. ^ Manohkaran, Jay Sheila (29 August 2023). "YTL Power stock surged 163%. Still up for the ride?". The Malaysian Reserve. Retrieved 25 July 2024.
  4. ^ "YTL Cement to take controlling stake in Singapore's NSL for RM792m | New Straits Times". www.nst.com.my. Retrieved 27 July 2024.
  5. ^ "Enron sells UK water firm". 26 March 2002. Retrieved 25 July 2024.
  6. ^ Roig, Estel Farell (11 January 2024). "New neighbourhood on Bristol outskirts set for 1,500 student homes". Bristol Live. Retrieved 25 July 2024.
  7. ^ Harinderan, K. (27 May 2024). "Profit Decline Signals Need For YTL Power International To Take A Breather - BusinessToday". https://www.businesstoday.com.my/. Retrieved 25 July 2024. {{cite web}}: External link in |website= (help)
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