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YTL Power International—controlled by Malaysian tycoon Francis Yeoh—is spending S$800 million ($597 million) to build a hydrogen-ready power plant in Singapore.
A blistering rally in YTL Power International Bhd. this year has scope to continue as better performance from its overseas assets brightens the earnings outlook for the Malaysian power producer.
The first phase is expected to be operational by mid-2024, YTL Power International said in a statement.
KUALA LUMPUR: YTL Power International Bhd’s net profit for the second quarter ended Dec 31, 2022 (2Q FY2023) soared to RM198.82 million from RM18.79 million in the same quarter in 2Q FY2022, due to higher earnings in the power generation division.
KUALA LUMPUR: Stocks to watch for on Friday include Hap Seng, Genting Malaysia, Pharmaniaga, MBM Resources, DRB-Hicom, Tropicana, Sime Darby, Berjaya land, YTL Corp, Malayan cement, YTL Power and YTL Hospitality REIT, said Apex Research.