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RHB Research values YTL Power’s DC business at RM33bil, on the basis of a 1.2 gigawatt (GW) capacity in Kulai. This translates to RM3.62 per share.
“Assuming YTL Power successfully ramps up the 1GW capacity in Sedenak within the same period, we estimate another RM2.90 upside (up 41%) to arrive at a bull-case fair value of RM9.90.”