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The Star
an hour ago
- Entertainment
- The Star
Developer's staff psyched to take on hero's journey
A sense of adventure and one British soldier's experience on Pulau Pangkor Laut off the coast of Lumut, Perak, are the inspirations for multi-sport event The Chapman's Challenge. Now in its seventh edition, the race draws weekend warriors and thrill-seekers looking to have some fun in the sun, minus the pressure that comes with intense competition. Held at Pangkor Laut Resort, the race comprises a 3.8km run around the island, 2.4km trek through a two-million-year-old rainforest and 1km swim across Emerald Bay. The challenge is named after Colonel Freddy Spencer Chapman, who spent time in the Malayan jungles before escaping from Emerald Bay by submarine under the cover of darkness. This year marks the 80th anniversary of his escape during World War II. 'He had to hide out on the island for three years,' said YTL Hotels marketing and communications vice-president Geraldine Dreiser, who is part of the team who came up with the challenge. 'His book The Jungle is Neutral describes how he survived and escaped to safety. Amir Asyraf being congratulated by Chris at the finish line. 'We really want to bring the story to life with The Chapman's Challenge.' The company, she said, was keen on creating memorable moments for guests. 'It's truly unique to run through the jungle where Colonel Chapman was hiding out and swimming out to sea – you're reliving history. 'At the same time, we want people to enjoy the race. 'So if you're not an expert swimmer, we allow life jackets or swim buoys,' she added. Dreiser, however, did not need such equipment for the race. Her second time taking part, she completed the route faster this time than the previous year. Familiarity with the course helped but that was not the main reason for her top-20 finish. 'I have always been a runner, and I love to swim. 'I exercise every day, so I train almost seven times a week,' said the working mum, adding that she found the routine therapeutic. Khairul (right) receiving his prize from Stephen. Looking on is Dreiser. As this year also marked YTL's 70th anniversary, it was only fitting that 20 employees took part in the challenge as well. 'It's the first time we have invited employees across the group to participate and it was a nice team bonding experience. 'I met colleagues that I would not have otherwise. And now we have this shared experience that we can talk about,' said Dreiser. Chong Kar Mun, a commercial analyst from YTL Power, signed up for the race even though she was worried about swimming in the sea. With a 10km run under her belt, she thought of giving the challenge a try. What she initially feared turned into something she ultimately loved. 'After the running and hiking, which were quite difficult because of the trail's elevation, it was refreshing to get in the water. 'I thought it would be so hard to the point that I couldn't complete the route, but it wasn't,' said Chong, 25. Similarly, fitness enthusiast and YTL Power data centre operations general manager Leong Wai Loon, 42, heard that The Chapman's Challenge was physically demanding and wanted to find out for himself. 'It's different from the Ironman type of challenges that I have competed in. 'I did not expect my heart rate to keep increasing in the last stretch of the jungle trail, with steep steps leading up and then down towards the swimming portion of the race – it really pushed me to my limit.' Project development engineer Vethalingam Siva Shanmugam, 27, from YTL Power, was thrilled for the opportunity to race on the island. 'I have run a lot of races, including half marathons, but I had never tried a multi-sport event,' he said. 'The run and hike were tiring and challenging, but I was also exploring the island while racing through very scenic routes.' For senior draughtsman Amir Asyraf Redzuan, 37, from YTL Construction, it was important not to leave behind his friend, Khairul Anuar Saadon, a YTL Group IT administrator. Even though Amir Asyraf could have finished the race earlier, he opted to stay with Khairul who was trailing far behind. 'He wanted to give up but I encouraged him to keep going and take a break if he needed one,' said Amir Asyraf. Meanwhile, senior project engineer Lim Chun Yan, 32, from YTL Construction, had never taken part in anything similar but felt he was fit enough as he had been training for an indoor fitness contest. 'The Chapman's Challenge is actually beginner-friendly. 'You just have to break through any mental barrier that may keep you from joining the race,' said Lim. This year, close to 60 people vied for the top prizes, including fitness enthusiasts from Singapore, Australia and the United Kingdom. The race, which began at 7am, saw Matt Pexton winning the men's category in 55mins 15sec, while Dr Maddalena Ardissino took the women's title in a time of 1:01:31. Each received a RM12,000 Norqain watch, three-day, two-night Pangkor Laut Resort stay and RM1,000 Under Armour voucher. Also finishing early was Stephen Spencer Chapman, Colonel Chapman's grandson. At the prize-giving ceremony and barbecue later the same day, Stephen donated his first runner-up prize to 'the person who came in at the tail end, No.56's Khairul Anuar Saadon'. Stephen's father Chris Chapman congratulated all those who crossed the finish line. At the heart of this race is a family legacy, one that brings the colonel's descendants back to the island as a way to remember his bravery and exploit. Heritage and history are integral to The Chapman's Challenge, but central to that weekend also are families and friends tipping their hat to the man who inspired it all.
Yahoo
6 days ago
- Business
- Yahoo
A Look At The Fair Value Of YTL Power International Berhad (KLSE:YTLPOWR)
YTL Power International Berhad's estimated fair value is RM3.11 based on 2 Stage Free Cash Flow to Equity Current share price of RM3.70 suggests YTL Power International Berhad is potentially trading close to its fair value Our fair value estimate is 30% lower than YTL Power International Berhad's analyst price target of RM4.41 How far off is YTL Power International Berhad (KLSE:YTLPOWR) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. It may sound complicated, but actually it is quite simple! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) -RM3.32b -RM1.54b RM1.54b RM1.65b RM1.74b RM1.83b RM1.92b RM2.00b RM2.08b RM2.17b Growth Rate Estimate Source Analyst x6 Analyst x6 Analyst x4 Est @ 6.70% Est @ 5.78% Est @ 5.14% Est @ 4.69% Est @ 4.38% Est @ 4.15% Est @ 4.00% Present Value (MYR, Millions) Discounted @ 8.4% -RM3.1k -RM1.3k RM1.2k RM1.2k RM1.2k RM1.1k RM1.1k RM1.1k RM1.0k RM968 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM4.4b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.6%. We discount the terminal cash flows to today's value at a cost of equity of 8.4%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM2.2b× (1 + 3.6%) ÷ (8.4%– 3.6%) = RM47b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM47b÷ ( 1 + 8.4%)10= RM21b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is RM26b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of RM3.7, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at YTL Power International Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.4%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for YTL Power International Berhad Strength No major strengths identified for YTLPOWR. Weakness Earnings declined over the past year. Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Integrated Utilities market. Opportunity Annual revenue is forecast to grow faster than the Malaysian market. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the Malaysian market. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For YTL Power International Berhad, we've compiled three relevant factors you should further research: Risks: As an example, we've found 1 warning sign for YTL Power International Berhad that you need to consider before investing here. Future Earnings: How does YTLPOWR's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the KLSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
New Straits Times
12-06-2025
- Business
- New Straits Times
KLCI up 0.17pct at midday amid weaker market
KUALA LUMPUR: Bursa Malaysia traded mixed at midday, as losses across the broader market were offset by gains in several index heavyweights, nudging the benchmark higher. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.62 points to 1,526.46, up 0.17 per cent from Wednesday's close of 1,523.84. The gains were led by Maybank, YTL Power, and CelcomDigi. Maybank rose nine sen to RM9.79, while YTL Power and CelcomDigi added eight sen each to RM3.73 and RM3.80, respectively. Collectively, the three counters contributed 3.80 points to the index. The benchmark opened 3.87 points higher at 1,527.71 and fluctuated between 1,523.22 and 1,528.72 during the morning session. Market breadth remained negative. Decliners outpaced gainers 446 to 278, while 477 counters were unchanged, 1,194 untraded, and 17 suspended. Hong Leong Investment Bank Bhd noted that the local bourse ended higher on Wednesday as it tracked gains on Wall Street and regional markets, supported by improved breadth and stronger trading activity. "The KLCI may continue to consolidate with a slight upward bias, buoyed by the conclusion of the second round of US-China trade talks in London. "However, broader market sentiment remains cautious amid lingering uncertainty over the pending US-Malaysia tariff agreement and the traditionally soft seasonality for June. Investor confidence remains under pressure amid a fragile global trade environment," it said in a research note today. Among other gainers in the heavyweight group, IHH Healthcare rose four sen to RM6.90, Petronas Gas climbed 16 sen to RM17.86, Maxis added four sen to RM3.63 and Petronas Chemicals was three sen higher at RM3.35. In active trade, Jiankun inched up half-a-sen to three sen, while MYEG, Tanco and Velesto were flat at 97 sen, 97.5 sen and 18.5 sen, respectively. On the index board, the FBM Emas Index rose 7.98 points to 11,445.72, the FBMT 100 Index gained 10.40 points to 11,213.94, and the FBM Emas Shariah Index added 8.03 points to 11,400.70. The FBM 70 Index slipped 19.92 points to 16,505.30, while the FBM ACE Index dropped 36.0 points to 4,508.05. By sector, the Energy Index advanced 6.54 points to 730.31 and the Financial Services Index rose 2.31 points to 17,781.46. The Industrial Products and Services Index eased 0.03 points to 152.28, while the Plantation Index declined 9.32 points to 7,204.50.
New Straits Times
12-06-2025
- Business
- New Straits Times
KLCI up 0.17 pct at midday amid weaker market
KUALA LUMPUR: Bursa Malaysia traded mixed at midday, as losses across the broader market were offset by gains in several index heavyweights, nudging the benchmark higher. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.62 points to 1,526.46, up 0.17 per cent from Wednesday's close of 1,523.84. The gains were led by Maybank, YTL Power, and CelcomDigi. Maybank rose nine sen to RM9.79, while YTL Power and CelcomDigi added eight sen each to RM3.73 and RM3.80, respectively. Collectively, the three counters contributed 3.80 points to the index. The benchmark opened 3.87 points higher at 1,527.71 and fluctuated between 1,523.22 and 1,528.72 during the morning session. Market breadth remained negative. Decliners outpaced gainers 446 to 278, while 477 counters were unchanged, 1,194 untraded, and 17 suspended. Hong Leong Investment Bank Bhd noted that the local bourse ended higher on Wednesday as it tracked gains on Wall Street and regional markets, supported by improved breadth and stronger trading activity. "The KLCI may continue to consolidate with a slight upward bias, buoyed by the conclusion of the second round of US-China trade talks in London. "However, broader market sentiment remains cautious amid lingering uncertainty over the pending US-Malaysia tariff agreement and the traditionally soft seasonality for June. Investor confidence remains under pressure amid a fragile global trade environment," it said in a research note today. Among other gainers in the heavyweight group, IHH Healthcare rose four sen to RM6.90, Petronas Gas climbed 16 sen to RM17.86, Maxis added four sen to RM3.63 and Petronas Chemicals was three sen higher at RM3.35. In active trade, Jiankun inched up half-a-sen to three sen, while MYEG, Tanco and Velesto were flat at 97 sen, 97.5 sen and 18.5 sen, respectively. On the index board, the FBM Emas Index rose 7.98 points to 11,445.72, the FBMT 100 Index gained 10.40 points to 11,213.94, and the FBM Emas Shariah Index added 8.03 points to 11,400.70. The FBM 70 Index slipped 19.92 points to 16,505.30, while the FBM ACE Index dropped 36.0 points to 4,508.05. By sector, the Energy Index advanced 6.54 points to 730.31 and the Financial Services Index rose 2.31 points to 17,781.46. The Industrial Products and Services Index eased 0.03 point to 152.28, while the Plantation Index declined 9.32 points to 7,204.50.
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.
