【YTL 4677 交流专区】杨忠礼机构

icy97

買進券商心頭好． 馬新高速快鐵 楊忠禮機構潛在催化劑

財經股市24 Apr 2015 21:01

券商：聯昌證券研究　
目標價：2.34令吉

楊忠禮機構（YTL，4677，主要板貿服）在投資大馬大會上表示，馬新兩國高速快鐵（HSR）工程計劃進展仍順利，我們看好此工程是股價潛在催化劑，建議投資者繼續“增持”該股。

儘管還未擬定進行馬新高速快鐵工程的時間表，但楊忠禮機構董事經理丹斯里楊肅斌沒改變策略，將續跟進此工程，這決定令人鼓舞。

他看好，還有很大機會拓展其基礎設施業務，並善用直透機場快鐵公司（ERL）專業知識，去進行上述高速快鐵工程。

該機構過去進行的併購活動至今都沒成果，但以目前整体企業架構，相信符合投資者持續性派息預期。

楊肅斌保證2014財年派發較高股息，可持續性支撐楊忠禮機構6%具有吸引力股息收益率。

楊肅斌預計，今年私人領域將更積極參與國內外投資，若是國內投資該公司有信心可吸引並資本化，我們認為可帶動該機構未來1年至2年業務成長。

楊忠禮機構週五（24日）閉市起2仙收在1.69令吉，全日成交量349萬4400股。

icy97

洋灰產業扶持‧楊忠禮高派息抗跌

2015-05-07 17:12      
（吉隆坡7日訊）楊忠禮機構（YTL，4677，主板貿服組）以公用設施為主導業務，盈利前景料穩定和抗跌，近年受洋灰與產業業務扶持，MIDF研究認為其逾6%週息率可扶持目前股價水平。

開始對該公司研究的MIDF說，楊忠禮機構是馬股派息王之一，高派息相信是吸引人們持續投資的“磁石”。

“楊忠禮機構是馬股其中一家大公司，其公用設施業務約貢獻2014財政年營業額74%、營運盈利一半，這些業務近年走低後，又受洋灰與產業扶持。”

該股週四閉市跌2仙，掛1令吉65仙。

楊忠禮機構由一家小小的建築公司做起，70%業務在大馬以外，業務多元化，涵蓋資訊工藝、酒店營運、洋灰、管理服務、產業投資和公用設施。

給予該股“中和”評級，目標價1令吉68仙，2016財政年本益比13倍。該股過去52週股價，遊走於1令吉54仙和1令吉79仙之間。

MIDF說，儘管該股欠缺即時催化劑，股息可保競爭力，預測週息率達6.2%，股價仍有0.6%上漲空間，總回酬率料達6.8%。（星洲日報／財經‧報道：張啟華）

icy97

Type	Announcement
Subject	OTHERS
Description	Incorporation of new subsidiary
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, YTL Corporation Berhad (“YTL Corp” or ”the Company”) wishes to announce that its subsidiary, YTL Cement Berhad, has incorporated a wholly-owned subsidiary, YTL Cement (Cambodia) Holdings Pte Ltd in Singapore on 19 May 2015. YTL Cement (Cambodia) Holdings Pte Ltd was incorporated for the purpose of undertaking the business of investment holding. The issued and paid-up share capital of YTL Cement (Cambodia) Holdings Pte Ltd is SGD1.00 comprising of 1 ordinary share. The incorporation of YTL Cement (Cambodia) Holdings Pte Ltd does not have any material effect on the earnings, gearing or net assets of YTL Corp Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the said incorporation.

icy97

楊忠禮第三季賺2.33億

2015-05-22 10:55      
（吉隆坡21日訊）歸咎於建築、公用事業和產業投資與發展臂膀表現疲弱，楊忠禮機構（YTL，4677，主板貿服組）截至2015年3月31日止第三季淨利大跌40.18%至2億3千317萬2千令吉，首9個月淨利萎縮35.81%至7億7千零80萬7千令吉。

第三季營業額減少11.99%至40億零18萬5千令吉，拖累9個月營業額下跌13.34%至127億零582萬3千令吉。

展望未來，該公司發文告表示，產業投資與發展臂膀將獲得子公司和聯營公司的產業發展發展計劃支撐，而相關效應也將擴散至建築與洋灰臂膀，預見3大業務表現將持續令人滿意。

“公用事業方面，新加坡市場發電量增加將對現財政年賺益和銷售帶來壓力，但水務和污水處理公司雖在嚴峻監管環境下運作，管理層有信心今年表現超越監管目標。”

同時，電訊市場競爭激烈，相關業務將通過推介更創新和強化服務來持續擴大用戶群，進而帶來更高的營業額表現。

楊忠禮電力賺2.23億

其他上市公司方面，楊忠禮電力（YTLPOWR,6742,主板基建計劃組）因電力銷售減少，截至2015年3月31日止第三季淨利下滑12.85%至2億2千273萬5千令吉，導致9個月淨利萎縮3.49%至7億1千171萬5千令吉。

第三季營業額減少18.78%至26億8千零33萬7千令吉，9個月營業額為90億7千865萬3千令吉，按年下跌17.85%。

楊忠禮置地賺519萬

產業臂膀――楊忠禮置地（YTLLAND,2577,主板產業組）截至2015年3月31日止第三季淨利萎縮33.73%至518萬5千令吉，拖累9個月淨利下滑24.46%至1千零12萬5千令吉。

楊忠禮電子賺894萬楊忠禮電子（YTLE,0009,創業板科技組）截至2015年3月31日止第三季淨利增長5.25%至893萬8千令吉，推高首9個月淨利4.93%至2千785萬2千令吉。

楊忠禮產托賺1203萬

另一方面，歸咎於利息開銷增加，以及外匯虧損，楊忠禮產托（YTLREIT,5109,主板產業投資信托組）截至2015年3月31日止第三季淨利下跌23.87%至1千202萬5千令吉，拖累首9個月淨利萎縮24.31%至3千722萬1千令吉。

派分利1.86仙

該公司董事部建議派發每單位1.86仙分利。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,000,185	4,545,289	12,705,823	14,662,330
2	Profit/(loss) before tax	621,124	674,062	1,845,799	2,217,642
3	Profit/(loss) for the period	394,531	573,569	1,326,581	1,926,881
4	Profit/(loss) attributable to ordinary equity holders of the parent	233,172	389,815	770,807	1,200,913
5	Basic earnings/(loss) per share (Subunit)	2.24	3.76	7.43	11.59
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	2.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.3600		1.3900

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, YTL Corporation Berhad (“YTL Corp” or ”the Company”) wishes to announce that its subsidiaries, YTL Cement (Myanmar) Holdings Pte Ltd and YTL Cement Berhad have incorporated a new subsidiary in the Republic of the Union of Myanmar, known as YTL Cement Myanmar Company Limited (“YTL Cement Myanmar”)(the “Incorporation”). As a result, YTL Cement Myanmar has become an indirect subsidiary of YTL Corp. YTL Cement Myanmar was incorporated on 4 June 2015 with an authorised share capital of USD15,000,000 comprising 15,000,000 ordinary shares of USD1.00 each, and an initial issued share capital of USD1,000,000 comprising 1,000,000 ordinary shares of USD1.00 each. YTL Cement Myanmar will be principally engaged in the business of manufacturing of Ordinary Portland Cement, Portland Composite Cement and other cement products. The Incorporation is not expected to have any material effect on the earnings, gearing or net assets of YTL Corp Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected with them has any interest, direct or indirect in the Incorporation.

icy97

楊忠禮機構在緬甸設洋灰廠

2015-07-04 11:14      
（吉隆坡3日訊）楊忠禮機構（YTL,4677,主板貿服組）將在緬甸設洋灰廠。

據《緬甸環球新光報》報道，楊忠禮機構計劃在緬甸迪洛瓦工業區建設洋灰廠，預計年產量100萬噸，產品將在緬甸國內市場銷售。

這家洋灰廠建設工作將於今年10月份啟動，預計整個建設工程將創造100個就業崗位。

自2013年11月以來，在迪洛瓦工業區獲准投資的企業已達36家另外，楊忠禮機構今日宣佈將楊忠禮洋灰將把楊忠禮洋灰（緬甸）的全部1股股票轉給楊忠禮洋灰新加坡。楊忠禮洋灰（緬甸）成立於2013年7月24日，是一家投資控股公司。（星洲日報／財經）

Type	Announcement
Subject	OTHERS
Description	RE-ORGANISATION OF GROUP STRUCTURE
Pursuant to Paragraph 9.19(5) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp”) wishes to announce that YTL Cement Berhad (“YTL Cement”), a direct subsidiary of YTL Corp, has transferred one (1) ordinary share it holds in YTL Cement (Myanmar) Holdings Pte Ltd (“YTL Cement (Myanmar) Holdings”), representing the entire issued and paid-up share capital of YTL Cement (Myanmar) Holdings, to YTL Cement Singapore Pte Ltd (“YTL Cement Singapore”), a wholly-owned subsidiary of YTL Cement for S$1.00 (“Share Transfer”). As a result of the Share Transfer, YTL Cement (Myanmar) Holdings has become a wholly-owned subsidiary of YTL Cement Singapore and remains an indirect subsidiary of YTL Corp. YTL Cement (Myanmar) Holdings was incorporated on 24 July 2013 and is principally involved in investment holding. The Share Transfer is not expected to have any material effect on the earnings, net assets or gearing of the YTL Corp group for the current financial year.

icy97

再发展英菲尔顿机场 杨忠礼机构脱颖而出

财经新闻 财经  2015-07-21 10:35
（吉隆坡20日讯）杨忠礼机构（YTLCORP，4677，主板建筑股）成功击败数家英国建商，在英国布里斯托尔（Bristol）前身为菲尔顿（Filton）机场的再发展项目中，成为首选竞标者。

根据英国媒体《The Time》报导，英国宇航系统公司（BAE Systems）是在2012年决定关闭该机场后，决定将土地售出用作综合商业发展，而如今决定脱售给杨忠礼机构。

上述机场是英国宇航系统公司于1977年买下，也是协和飞机（Concorde）在1969年首次飞行的地方。

英国宇航系统公司已关闭机场时，获得规划许可，在350英亩的土地上兴建2675间房屋、学校、商店以及企业。其中也包括建议兴建博物馆，用来收藏最后一架协和飞机。

该土地位于菲尔顿和帕答威（Patchway）之间，属于南格洛斯特郡议会管辖的地区。【南洋网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad  Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp” or the “Company”) wishes to announce the incorporation of Monkey Island Properties Limited (“MIPL”) in England and Wales on 17 August 2015 as a wholly-owned subsidiary of YTL Hotels & Properties Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company (the “Incorporation”). MIPL was incorporated with an issued share capital of GBP1 comprising 100 ordinary shares of the nominal value of GBP0.01 each. MIPL will be principally involved in investment and property holding. The Incorporation is not expected to have a material effect on the earnings, gearing and net assets of YTL Corp Group for the financial year ending 30 June 2016. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect in the Incorporation.

icy97

末季主要业务下滑 杨忠礼机构净利跌16%

财经新闻 财经  2015-08-21 12:36
（吉隆坡20日讯）因旗下主要业务呈跌势，拖累杨忠礼机构（YTLCORP，4677，主板建筑股）截至6月底，末季净利跌15.6%，仅录得2亿9893万令吉，上财年同期为3亿5407万令吉。

该公司向马交所报备，营业额则达41亿1575万令吉，跌10.66%，上财年报46亿691万令吉。

不过，该公司建议派息每股9.5仙。

杨忠礼机构解释，末季旗下建筑、资讯科技与电讯业务、管理业务，及公用事业业务的营业额和盈利都下滑。

不过，洋灰、产业和酒店业务表现趋扬。

累积全年，该公司净利大跌30%，仅录得10亿6974万令吉；营业额则达168亿2158万令吉，跌12.7%。

不过，展望未来，该公司仍有信心旗下业务表现，在下财年可令人满意。

电力挫59%

同时，杨忠礼电力（YTLPOWR，6742，主板基建股）末季报1亿8944万令吉，挫59%；营业额跌15.9%，报28亿4725万令吉。

累积全年，净利也跌25.05%，报9亿115万令吉；营业额跌17.39%，报119亿2590万令吉。惟建议派息10仙。

电商赚798万

此外，杨忠礼电商（YTLE，0009，创业板）末季业绩表现最好，净利微跌0.14%，报798万令吉；营业额则达2104万令吉，跌2.99%。

累积全年，净利达3583万令吉，扬3.82%；营业额则微扬0.8%，报8753万令吉。该公司也建议派息，每股4仙。

置地减3.6%

杨忠礼置地（YTLLAND，2577，主板产业股）末季净利微幅收窄3.6%，报1000万令吉；营业额达2917万令吉，大跌36.55%。

上半年内，该公司净利为2013万令吉，跌15.4%；营业额则达9843万令吉，挫65.5%。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,115,753	4,606,907	16,821,576	19,269,237
2	Profit/(loss) before tax	520,117	593,957	2,365,916	2,811,599
3	Profit/(loss) for the period	432,987	678,049	1,759,568	2,604,930
4	Profit/(loss) attributable to ordinary equity holders of the parent	298,928	354,067	1,069,735	1,554,980
5	Basic earnings/(loss) per share (Subunit)	2.87	3.42	10.27	15.00
6	Proposed/Declared dividend per share (Subunit)	9.50	9.50	9.50	12.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4300		1.3900

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EX-date	05 Oct 2015
Entitlement date	07 Oct 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single tier dividend of 95% or 9.5 sen per ordinary share of 10 sen each in respect of the financial year ended 30 June 2015
Period of interest payment	to
Financial Year End	30 Jun 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	YTL CORPORATION BHD11th Floor, Yeoh Tiong Lay Plaza55, Jalan Bukit Bintang55100Kuala LumpurTel:0321426633Fax:0321412703
Payment date	23 Oct 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Oct 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0950
Par Value	Malaysian Ringgit (MYR)

icy97

杨忠礼机构登发电厂 料国能续购电至2018年

财经新闻 财经  2015-08-22 11:24
（吉隆坡21日讯）杨忠礼机构（YTL，4677，主板建筑股）旗下的登嘉楼Paka独立发电厂的购电协议（PPA）预计可获得延长。

国家能源和该独立发电厂的购电协议将在9月30日到期。

杨忠礼机构表示，洽谈合约明细正在进行中及接近完成，预计将签署新的购电协议，生效期从2016年3月1日至2018年12月31日。

杨忠礼机构截至6月杪，末季净利跌15%，仅录得2亿9890万令吉，全年净利更跌30%，仅录得10亿7000万令吉。

基于建筑业务的持续增长，预计集团的水泥生产业务可达到令人满意的表现。【南洋网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp” or the “Company”) wishes to announce that Monkey Island Properties Limited (“MIPL”), an indirect wholly-owned subsidiary of YTL Corp has acquired 1 ordinary share in New Architecture (Bray) Limited (“NABL”), representing the entire issued and paid-up share capital of NABL for a cash consideration of GBP1 (“Acquisition”). As a result of the Acquisition, NABL has become a wholly-owned subsidiary of MIPL, which in turn is a wholly-owned subsidiary of YTL Corp. NABL was incorporated in England and Wales on 21 August 2007 with an issued share capital of GBP1 comprising 1 ordinary share of the nominal value of GBP1. NABL is principally engaged as a hotel operator. The Acquisition is not expected to have any material effect on the earnings, gearing and net assets of YTL Corp Group for the financial year ending 30 June 2016. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect in the Acquisition.

icy97

Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp” or “the Company”) wishes to announce that Batu Tiga Quarry Sdn Bhd (“Batu Tiga Quarry”), a wholly-owned subsidiary of YTL Cement Berhad (“YTL Cement”) which in turn is a subsidiary of YTL Corp, has acquired the entire issued and paid-up share capital of Equity Corporation Sdn Bhd (“Equity Corporation”) comprising 1,000,000 ordinary shares of RM1.00 each, at a total cash consideration of RM10.00 ("the Acquisition"). As a result of the Acquisition, Equity Corporation has become a wholly-owned subsidiary of Batu Tiga Quarry and an indirect subsidiary of YTL Cement and of YTL Corp. Equity Corporation was incorporated on 8 May 1985 with its present authorised share capital of RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each. Equity Corporation will be principally involved in quarry business and related services. The Acquisition is not expected to have any material effect on the earnings, gearing and net assets of YTL Corp Group for the current financial year. None of the Directors or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the Acquisition.

icy97

玉楼金阙：再探杨忠礼集团‧陈金阙

财经 评论 玉楼金阙  2015-11-18 12:37
近日找寻旧资料，才发现上一回长篇大论杨忠礼集团的文章，已经是两年前。这两年内，到底公司有什么大变化呢？我们来重温一下旧梦。

杨忠礼机构（YTL）私有化子公司杨忠礼洋灰（YTLCMNT），时光一瞬间已过几年，剩下一些小小的股东不放弃股权，随之一起退出股市，虽日无法自由买卖，但是公司依然赚钱，派息也很大方，单是今年就派了每股40仙股息。

美中不足的是一家已除牌的公司，董事成员竟然有十五位，让小股东惊讶不已。

两年过去，我们预料的私有化子公司并没有发生。不但如此，公司还改弦易辙，重开水喉，派发股息让股东们止渴。

从这个迹象看来，杨忠礼机构可能已经改变主意（其实，市场猜测私有化子公司的念头，由杨忠礼洋灰开始，纯属瞎猜，杨忠礼机构未必真有此意），不单要保留其子公司上市地位，还想方设法提升长期投资者对公司的兴趣，实行买了不卖的策略，长期持有高股息公司获利。

我们看公司近几年的股息和净利变化：



电力电商提高派息率

从上述的列表看来，公司的每股盈利成长变化不大，2015年甚至有向下滑落之势，这可能是公司业绩下滑，抑或是公司缴足资本不断增加之故。

但是，在去年开始，有能力派息的杨忠礼电力（YTLPWR）和杨忠礼电商（YTLE），提高了派息率。

母公司作风改变

其中杨忠礼电力，恢复20112年以前的强劲股息（10仙）；而杨忠礼电商的股息，则增加100%至每股4仙。

如果以当前股价约1.50令吉和54仙来说，周息率高达6.7%和7.4%，小股东应该很满意了。

而母公司获得子公司（还包括了杨忠礼洋灰）的股息现金流，也不示弱，这两年股息大大增加，周息率也超过6%。这和以前杨忠礼机构因为是控股公司，无法派高股息的作风大相迳庭。

盼60周年回馈

今年恰逢杨忠礼机构成立60周年，公司的年报图文并茂，详细记录了60年的里程，让股东们得以了解公司多年来的奋斗，份外值得收藏。

只可惜，这六十周年纪念，却少了特别股息或红股回馈股东，让股东们不免有点遗憾。

这一次的股东大会，不晓得除了一贯的食物餐券，公司会否别出心裁，送些什么特别的60周年纪念品让股东可以收藏起来留念？

陈金阙 专业财务规划师

【南洋网财经】

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杨忠礼机构首季净利营收齐跌

财经  2015年11月26日
（吉隆坡26日讯）杨忠礼集团旗下5家上市公司在今天公布2016財政年首季（截至9月30日止）业绩，其中杨忠礼机构（YTLCORP，4677，主板贸服股）营业额和净利按年皆呈跌，分別下滑0.8%和6.3%，至44亿4839万令吉和2亿零262万令吉，去年同期分別是44亿8428万令吉和2亿1613万令吉。

与此同时，杨忠礼酒店房產信托（YTLREIT，5109，主板房產信托组）2016財政年首季业绩，因为面对5558万令吉的未实现外匯亏损，而由盈转亏，蒙受5167万令吉净亏损，去年同期则净赚772万令吉。

杨忠礼酒店房產信托表示，该房托的澳元贷款蒙受5558万令吉的未实现外匯兑换亏损，若排除此特別项目，其首季税前盈利为432万令吉，按年下跌49.53%。

此外，该房托首季营业额为9742万令吉，与去年同期的1亿零230万令吉相比，下跌4.8%。

杨忠礼置地净利增3.6倍

无论如何，杨忠礼置地（YTLLAND，2577，主板產业股）的表现则相当亮眼，其首季净利按年大增3.6倍，至1627万令吉，去年同期是357万令吉；营业额也按年成长8.2%，至2956万令吉，去年同期为2731万令吉。

至于杨忠礼电力（YTLPOWR，6742，主板基建工程股），其首季净利按年下跌23.4%，至1亿8672万令吉，去年同期是2亿4385万令吉；营业额则按年跌4.1%，至32亿2003万令吉，去年同期是33亿5871万令吉。

另一方面，杨忠礼电商（YTLE，0009，创业板）2016財政年首季净利按年跌5.4%，至864万令吉，去年同期为913万令吉；同时，其营业额也按年减少3.3%，至2081万令吉，相比去年同期的2151万令吉。【东方网财经】

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,448,389	4,484,280	4,448,389	4,484,280
2	Profit/(loss) before tax	474,849	505,177	474,849	505,177
3	Profit/(loss) for the period	319,311	375,228	319,311	375,228
4	Profit/(loss) attributable to ordinary equity holders of the parent	202,615	216,128	202,615	216,128
5	Basic earnings/(loss) per share (Subunit)	1.94	2.09	1.94	2.09
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5100		1.4000

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机场快铁起价提振　杨忠礼盈利看俏

财经  2015年12月02日
（吉隆坡2日讯）由于杨忠礼机构（YTL，4677，主板贸服股）持有50%股权的机场快铁公司（ERL）宣布提高票价57%，分析员认为，这將提振公司2017及2018財政年（6月30日结账）每股盈利，並上调財测4至5%。

机场快铁公司12月1日在其官方网站上公布，营运14年以来，首次调整票价，將吉隆坡中环（KLSentral）至吉隆坡国际机场（KLIA）及吉隆坡第2国际机场（KLIA2）的票价，从原本的35令吉，提高57%，至55令吉，明年1月1日起生效。

舒缓成本压力

联昌国际投行分析员表示，经营快铁公司调涨票价，主要是弥补营运成本提高所带来的压力，尤其是电费，佔总营运成本的50%以上。

该分析员指出，儘管机场快铁公司早前曾暗示会提高快铁票价，但这项宣布仍让市场感到意外，但他正面看待此消息。

在调涨机场快铁票价同时，其运载能力也提升50%，该公司將在明年5月增添6辆新快铁，以迎合日益增加的乘客量。目前前往吉隆坡第2国际机场的乘客，只有14%是由机场快铁所承载，仍有很大的成长空间。

自2014年起，机场快铁公司达成收支平衡后，便持续提供稳定收入予杨忠礼机构。因此，在纳入调涨票价后，分析员將杨忠礼机构的2017及2018財政年每股盈利预测，分別调高4%至5%。

根据过往记录，杨忠礼机构持有机场快铁公司的50%股权，每年对税前盈利带来2%至3%的贡献。由於票价上涨是在1月生效，对2016財政年的贡献只有半年，加上洋灰业务的盈利可能受到竞爭压力减低，因此，分析员保持该公司2016財政年的每股盈利预测。

盈利上涨空间大

同时，杨忠礼机构的每股净资產值（RNAV）也会从2.25令吉，提高3%，至2.31令吉。

联昌国际投行表示，基於票价提升，相信机场快铁公司盈利可上涨空间会更大，主要是第1捷运项目（MRT1）將在2017年开跑，可提供更多的乘客。

另外，马新高铁（HSR）项目也预期是杨忠礼机构的潜在有利因素之一，主要是该公司在机场快铁方面的经营经验，加上有强稳的財务，可让其採取公私伙伴模式参与这项目。

有鑑於此，该分析员將杨忠礼机构目標价调高至1.85令吉，並维持「增持」投资评级。【东方网财经】


ERL涨价提振 杨忠礼净利上涨空间大
财经新闻 财经  2015-12-12 11:39
http://www.nanyang.com/node/738696?tid=462

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp” or the “Company”) wishes to announce the incorporation of NV Land G.K. (“NV Land”) in Japan on 4 December 2015 as a wholly-owned subsidiary of Niseko Village K.K. (an indirect wholly-owned subsidiary of the Company) (the “Incorporation”). As a result, NV Land has become an indirect wholly-owned subsidiary of the Company. NV Land was incorporated with paid-up capital of JPY10,000. NV Land is intended to be principally involved in construction, development, sale and purchase of real properties. The Incorporation is not expected to have a material effect on the earnings, gearing and net assets of YTL Corp Group for the financial year ending 30 June 2016. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect in the Incorporation.

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Type	Announcement
Subject	OTHERS
Description	YTL CORPORATION BERHAD -  Acquisition of New Subsidiary
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of YTL Corporation Berhad ("YTL Corp” or “the Company") wishes to announce that the Company has acquired 3 ordinary shares of par value of RM1.00, representing the entire issued and paid-up share capital of Titiwangsa Development Sdn Bhd (“Titiwangsa Development”) for a total cash consideration of Ringgit Malaysia Three (RM3.00) only (“the Acquisition”). As a result of the Acquisition, Titiwangsa Development has become a wholly-owned subsidiary of the Company. Titiwangsa Development was incorporated on 29 September 1990 and has been inactive as at the date of this announcement.  Titiwangsa Development’s principal activities will be that of an investment holding. The Acquisition is not expected to have any material effect on the earnings, net assets or gearing of the YTL Corp group for the current financial year. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect in the Acquisition.

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Type	Announcement
Subject	OTHERS
Description	RE-ORGANISATION OF GROUP STRUCTURE
Pursuant to Paragraph 9.19(5) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Corporation Berhad (“YTL Corp” or “the Company”) wishes to announce that YTL Cayman Limited, a wholly-owned subsidiary of the Company has disposed of 1 ordinary share with a nominal value of USD1.00 in YTL Construction International (Cayman) Limited (“YTLCI”)  representing 100% of the issued and paid-up share capital of YTLCI, to Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (“SPYTL”), another wholly-owned subsidiary of the Company for a consideration of USD1.00 (“Re-organisation”). As a result of the Re-organisation, YTLCI has become a direct subsidiary of SPYTL and remain an indirect subsidiary of the Company. YTLCI was incorporated on 23 October 2007 with an issued share capital of USD1.00 comprising 1 share with a nominal value of USD1.00. YTLCI will be principally involved in investment holdings in construction related activities. The Re-organisation is not expected to have any material effect on the earnings, net assets or gearing of the YTL Corp Group for the current financial year.