Jordan facility to bolster YTL Power’s prospects

PETALING JAYA: Analysts remain bullish on YTL Power International Bhd’s earnings outlook for financial year 2024 (FY24) with the group expected to benefit from its power division, namely, the PowerSeraya and Tuaspring plants and other ventures.

Hong Leong Investment Bank (HLIB) Research remains positive on YTL Power’s prospects despite the drop in the Uniform Singapore Energy Price (Usep) in July, as it noted PowerSeraya’s exposure towards Usep was slightly below 10% of the subsidiary revenue.