YTL Community News, November 1, 2010
YTL Corporation Bhd emerged in the coveted position of being the largest non-government linked company in this year's MB100 survey of Malaysia's Largest Listed Companies. Following close behind is its 52 percent-owned subsidiary YTL Power International Bhd and IOI Corporation Berhad.
The annual MB100 survey conducted by Malaysian Business Magazine ranks Bursa Malaysia's Top 100 companies by the size of their revenue and is based on the latest published audited/unaudited figures for the financial year 2009/1010.
YTL Corp moved up to number five from number 20 previously, and its subsidiary YTL Power International Bhd soared 23 rungs to secure the eighth spot. In recent years, the group has been expanding and strengthening its stable of companies via mergers and acquisitions. With its strong net cash position - its cash reserves amounting to about US$3.5 billion, analysts say that YTL Corp could easily acquire assets up to US$25-US$30 billion at this point in time without the need to raise more money.
It has been reported that the group is looking at acquisition opportunities in the water utilities, power generation and cement businesses, especially in China, where it wants to grow its presence in cement and power generation.
In late 2008, YTL bought a slice of Starhill Global Real Estate Investment Trust and became the Malaysian presence behind some of Singapore's most iconic shopping centres like Wisma Atria and Ngee Ann City. Its acquisition of a 26% stake in Starhill Global REIT has since strengthened its prime estate portfolio.
In March 2009, YTL Power International Bhd acquired PowerSeraya Ltd, Singapore's second-largest power generator. PowerSeraya Ltd. currently holds the largest share, of some 30%, in the energy retail contestable market in Singapore. The addition of PowerSeraya to the Group's international utility portfolio represented significant participation in the Singapore energy market and has enabled the YTL Group to grow its utility business significantly in the Asia Pacific region. The PowerSeraya purchase was singled out as the driving force behind the group's 141.7 per cent superlative surge in revenue to RM3.9 billion.
Riding on its long history and impeccable track record, the YTL Group's portfolio of businesses has grown tremendously over the last decade, and now spans across Asia -Pacific and Europe. This strategy has generated excellent returns for shareholders, successfully contributing to an annual average compounded growth rate of 55% over the last 15 years.