YTL Corporation#Starhill Global REIT
{{short description|Malaysian infrastructure conglomerate}}
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{{Infobox company
| name = YTL Corporation Berhad
| logo =
| type = Public
| traded_as = {{myx|4677}} and {{tyo|1773}}
| ISIN = {{ISIN|sl=n|pl=y|MYL4677OO000}}
| foundation = {{start date and age|1955}}
| founder = Yeoh Tiong Lay
| area_served = {{collapsible list
|title = 11 countries and territories
}}
| location = Kuala Lumpur, Malaysia.
| key_people = {{Unbulleted list|Yeoh Sock Ping (Chairman)|Yeoh Seok Kian (MD)}}
| num_employees = 12,627
| industry = Conglomerate
| parent =
| subsid = {{Unbulleted list|
}}
| revenue = {{Increase}} RM 29.62 billion (2023)
| profit = {{Increase}} RM 2.12 billion (2023)
| assets = {{Increase}} RM 81.46 billion (2023)
| homepage = {{URL|http://www.ytl.com}}
}}
YTL Corporation Berhad is a Malaysian infrastructure conglomorate. Founded in 1955 by Yeoh Tiong Lay 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 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.{{Cite web |title=YTL Corporation Berhad - About Us |url=https://www.ytl.com/aboutus.asp |access-date=2024-07-27 |website=www.ytl.com}}
Subsidiaries
YTL 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 (US$21 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.
YTL 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.2. AR2023 YTL Corp Group. https://www.ytlesolutions.com/iims2/ytlcommunity/upload/financialreports/YTL%20Corporation%20Berhad_Annual%20Report%202023.pdf.
| class="wikitable"
|+ !Subsidiary !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
= Malaysia =
YTL's core operations are concentrated in Malaysia. YTL Power International is a major player in the country's power generation and water sectors, operating 1,212MW combined cycle power plant at Paka, Terengganu, and Pasir Gudang, Johor. 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. 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.{{Cite web |last=Fakhri |first=Ameer |date=2024-01-23 |title=ERL granted 30-year concession extension |url=https://www.freemalaysiatoday.com/category/nation/2024/01/23/erl-granted-30-year-concession-extension/ |access-date=2024-07-25 |website=ERL granted 30-year concession extension |language=en}}
YTL Data Center Holdings, a subsidary of YTL Power operates data centers in Sentul, Kuala Lumpur and Kulai, Johor. The Green Data Center Park in Kulai is host to Nvidia's cloud computing supercomputers focusing on artificial intelligence application.{{Cite web |last=Latiff |first=Rozanna |date=December 8, 2023 |title=Nvidia to partner Malaysia's YTL Power in $4.3 bln AI development project |url=https://www.reuters.com/technology/nvidia-talks-with-malaysias-ytl-data-center-deal-sources-2023-12-08/ |access-date=March 24, 2025 |website=Reuters}}
In May 2024, YTL Power emerges as substantial shareholder of Ranhill Utilities, a utility company operating water treatment plant in Johor and power generation plant in Sabah.{{Cite web |date=2024-06-19 |title=Hamdan's surprise exit from Ranhill paves the way for YTL Power in Johor water sector |url=https://theedgemalaysia.com/node/714831 |access-date=2025-03-23 |website=The Edge Malaysia}}
= Singapore =
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.{{Cite web |last=Manohkaran |first=Jay Sheila |date=August 29, 2023 |title=YTL Power stock surged 163%. Still up for the ride? |url=https://themalaysianreserve.com/2023/08/29/ytl-power-stock-surged-163-still-up-for-the-ride/ |access-date=July 25, 2024 |website=The Malaysian Reserve}} 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.{{Cite web |title=YTL Cement to take controlling stake in Singapore's NSL for RM792m {{!}} New Straits Times |url=https://www.nst.com.my/business/corporate/2024/07/1080742/ytl-cement-take-controlling-stake-singapores-nsl-rm792m |access-date=2024-07-27 |website=www.nst.com.my|date=24 July 2024 }}
= United Kingdom =
YTL's presence in the United Kingdom is through Wessex Water, a water and sewerage provider serving 2.9 million customers.{{Cite news |date=2002-03-26 |title=Enron sells UK water firm |url=http://news.bbc.co.uk/2/hi/business/1893736.stm |access-date=2024-07-25 |language=en-GB}} 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.{{Cite web |last=Roig |first=Estel Farell |date=2024-01-11 |title=New neighbourhood on Bristol outskirts set for 1,500 student homes |url=https://www.bristolpost.co.uk/news/bristol-news/brabazon-development-filton-airfield-secures-9027449 |access-date=2024-07-25 |website=Bristol Live |language=en}}
= Other Countries =
YTL Power has investments in power generation companies PT Jawa Power and PT Jawa Timur in Indonesia, and Attarat Power in Jordan.{{Cite web |last=Harinderan |first=K. |date=2024-05-27 |title=Profit Decline Signals Need For YTL Power International To Take A Breather - BusinessToday |url=https://www.businesstoday.com.my/2024/05/27/profit-decline-signals-need-for-ytl-power-international-to-take-a-breather/ |access-date=2024-07-25 |website=www.businesstoday.com.my/ |language=en-US}}
References
{{reflist}}
External links
- {{official website}}
{{FTSE Bursa Malaysia KLCI constituents}}
{{DEFAULTSORT:Ytl Corporation}}
Category:Conglomerate companies of Malaysia
Category:Construction and civil engineering companies of Malaysia
Category:Multinational companies headquartered in Malaysia
Category:Companies based in Kuala Lumpur
Category:Conglomerate companies established in 1955
Category:1955 establishments in Malaya
Category:Companies listed on Bursa Malaysia
Category:Construction and civil engineering companies established in 1955