Market Mover | YTL Power Releases Quarterly Performance Report for Period Ending March 31, 2024; Stock Price Plummets by 9%
Revenue fell but net profit increased significantly. Net profit was 699 million, a year-on-year increase of 34.5%.
Analysts are optimistic about data center potential Yang Zhongli Electricity is worth RM6.25
Yang Zhongli Electric Power (YTLPOWR, 6742, main board utility stock) showed impressive gains. Like the “Malaysian version of Nvidia,” investment banks set new target prices one after another. Among them, the Malaysian Investment Bank was the most aggressive, offering a target price of RM6.25.
Johor now the largest data centre market in Malaysia, driven by investments from MNCs: report
Resource site Baxtel cites Johor as the largest data centre market in Malaysia now, as multinational corporations (MNCs) with regional presence pour investments into the state, according to a report by Channel News Asia.
Tenaga Nasional Berhad Goes Ex Dividend Tomorrow
Tenaga Nasional Berhad Declares $0.1354 Dividend