PETALING JAYA: RHB Research remains positive about YTL Power International Bhd ’s prospects, underpinned by the latter’s development of data centres (DCs) and solar assets in Kulai, Johor. “The three-storey building consists of two wings of Data Hall suites and mechanical and engineering rooms and also eight Data Hall suites spread over two wings per floor, with a total of 24 Data Hall suites,” it said in a report. RHB Research said: “YTL Power is looking to secure a new client for the remaining 16MW. It added that although the DC’s electricity is now supplied by Tenaga Nasional Bhd , it believes YTL Power is likely to construct solar assets to help co-power DCs in the future. While yet to impute potential solar development into its valuation of YTL Power, RHB research is maintaining its “buy” call on YTL Power with a higher target price of RM2.43 per share.

Source: The Star September 19, 2023 13:43 UTC