YTL Power International (YTLP) FY25 Results: Earnings Inflection and Bullish Breakout Potential

YTL Power International (YTLP) has delivered a strong set of results for FY25, marking a key earnings inflection point. The company’s 4QFY25 core PATMI surged 33.2% quarter-on-quarter (QoQ) to RM831.6 million, bringing its full-year core PATMI to RM2.9 billion.

This impressive rebound was primarily supported by:

• Improved pool prices that expanded margins at its Singapore PowerSeraya operations.
• A +21% tariff adjustment at UK-based Wessex Water, leading to stronger earnings contribution.

With these catalysts, YTLP continues to position itself as one of the most resilient utilities and infrastructure players on Bursa Malaysia (KLSE).

Future Growth Drivers: Data Centres in Focus

Looking ahead, YTL Power’s expanding data centre (DC) footprint is expected to be a major earnings growth driver. Notably:

• JDC1–4 (228MW IT load) projects are underway.
• The potential award of JDC5 could further accelerate topline expansion.

These developments are projected to deliver significant upside from FY27–28, reinforcing the long-term bullish outlook for YTLP.

Technical Outlook: Bullish Rounding Bottom Pattern

From a technical analysis perspective, YTLP is showing encouraging signals:

• Rounding bottom formation on the long-term chart suggests strong accumulation.
• Stock is closing consistently above key daily moving averages (20D, 50D, 100D, and 200D MAs).
• Golden crossovers above the 200D MA further reinforce bullish momentum.

Key Levels to Watch

• Neckline Resistance: RM4.55 → A breakout above this level could confirm bullish continuation.
• Upside Targets:
  • RM4.68 (70% Fibonacci retracement)
  • RM4.90 (78.6% Fibonacci retracement)
• Immediate Supports:
  • RM4.21 (20D MA)
  • RM4.15 (50% Fibonacci retracement)
  • RM4.08 (50D MA)
• Stop-Loss: RM4.14 (strict risk management recommended).

Why Investors Should Watch YTLP

1. Earnings Momentum – Strong FY25 performance with core PATMI growth.
2. Defensive & Growth Mix – Utility stability (PowerSeraya, Wessex Water) plus high-growth DC exposure.
3. Technical Setup – Clear bullish pattern with potential breakout levels.
4. Attractive Long-Term Story – Data centre expansion could re-rate valuations significantly from FY27 onwards.

Final Take: YTLP on a Bullish Trajectory

With its earnings inflection in FY25, strategic exposure to data centres, and strong technical chart setup, YTLP (KLSE: YTLPOWR) stands out as a top Bursa Malaysia stock to watch.

A successful breakout above RM4.55 could open the door for further upside, while strict risk management below RM4.14 ensures downside protection.

For investors seeking a mix of stability and growth, YTL Power remains a compelling opportunity on the KLSE.