PETALING JAYA: YTL Power International Bhd
’s margins are expected to hold steady this year on stable fuel cost, and see upside from another 5% water tariff hike and a new gas plant win, RHB Research says.
The research house said it expects the group to see upside from the Wessex Water tariff hike. Notably, last April, Wessex Water saw a 20% upward tariff adjustment resulting in the turnaround of YTL Power’s water division.
Moreover, YTL Power is also expected to be supported by its new gas plant. RHB Research said given its track record as an independent power producer, it believes the company is a front-runner to win a bid to build a new gas plant as part of the Energy Commission’s tender.
It also expects YTL Power Seraya’s pre-tax margins to hold steady at 17% in financial years 2026 to 2028 on stable fuel costs.
