YTL Corporation

YTL Corporation Berhad
Company type	Public
Traded as	MYX: 4677 and TYO: 1773
ISIN	MYL4677OO000
Industry	Conglomerate
Founded	1955
Founder	Yeoh Tiong Lay
Headquarters	Kuala Lumpur, Malaysia.
Area served	11 countries and territories Malaysia ; Singapore ; Thailand ; Indonesia ; United Kingdom ; France ; Australia ; Japan ; Jordan ; China ; United Arab Emirates ;
Key people	Yeoh Sock Ping (Chairman); Yeoh Seok Kian (MD);
Revenue	RM 29.62 billion (2023)
Net income	RM 2.12 billion (2023)
Total assets	RM 81.46 billion (2023)
Number of employees	12,627
Subsidiaries	YTL Power; YTL Communications; Express Rail Link; ;
Website	www.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, as well as businesses, investments and projects under development in other countries such as Australia, France, Indonesia, Jordan, the Netherlands, Thailand and Vietnam. With a market capitalisation of RM 43.36 billion, YTL Corporation is the 10th largest companies listed on Bursa Malaysia.^[1] The company is listed in Malaysia, Japan and Singapore.

Subsidiaries

Through its subsidiaries, the core business of the company consists of power generation, water & sewerage, cement manufacturing, construction, property development, hotels & resorts, telecommunication, digital banking, data center, artificial intelligence (AI), cloud computing, renewable energy and education. Utilities are the largest revenue contributor (71%), followed by cement manufacturing (16%), construction (4%), hotel operations (4%) and others.


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

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. 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

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.

United Kingdom

YTL's presence in the United Kingdom is through Wessex Water, a water and sewerage provider serving 2.9 million customers.^[4] 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.^[5]

Other Countries

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.^[6]

References

^ "Largest Malaysian companies by market capitalization". companiesmarketcap.com. Retrieved 25 July 2024.
^ Fakhri, Ameer (23 January 2024). "ERL granted 30-year concession extension". ERL granted 30-year concession extension. Retrieved 25 July 2024.
^ Manohkaran, Jay Sheila (29 August 2023). "YTL Power stock surged 163%. Still up for the ride?". The Malaysian Reserve. Retrieved 25 July 2024.
^ "Enron sells UK water firm". 26 March 2002. Retrieved 25 July 2024.
^ Roig, Estel Farell (11 January 2024). "New neighbourhood on Bristol outskirts set for 1,500 student homes". Bristol Live. Retrieved 25 July 2024.
^ 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)

External links

[1] "Largest Malaysian companies by market capitalization". companiesmarketcap.com. Retrieved 25 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] "Enron sells UK water firm". 26 March 2002. Retrieved 25 July 2024.

[5] Roig, Estel Farell (11 January 2024). "New neighbourhood on Bristol outskirts set for 1,500 student homes". Bristol Live. Retrieved 25 July 2024.

[6] 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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