YTL Corporation

YTL Corporation Berhad

Company type	Public
Traded as	MYX: 4677 and TYO: 1773
ISIN	MYL4677OO000
Industry	Conglomerate
Founded	1955
Founder	Yeoh Tiong Lay
Headquarters	Kuala Lumpur, Malaysia.
Area served	11 countries and territories Malaysia Singapore Thailand Indonesia United Kingdom France Australia Japan Jordan China United Arab Emirates
Key people	Yeoh Sock Ping (Chairman) Yeoh Seok Kian (MD)
Revenue	RM 29.62 billion (2023)
Net income	RM 2.12 billion (2023)
Total assets	RM 81.46 billion (2023)
Number of employees	12,627
Subsidiaries	YTL Power YTL Communications Express Rail Link
Website	www.ytl.com

YTL Corporation Berhad is a conglomorate based in Malaysia. The company was founded by Yeoh Tiong Lay in 1955 as a construction company. The company has operations in Malaysia, Singapore and the United Kingdom, and it has additional business interests, investments, and projects under development in other countries including Australia, France, Indonesia, Jordan, the Netherlands, Thailand, and Vietnam.

YTL Corporation Berhad ranks among the largest companies on the Bursa Malaysia Securities Berhad, commonly known as the Kuala Lumpur stock exchange, and is included as one of the 30 component companies of the FTSE Bursa Malaysia KLCI, the principal benchmark index of the stock exchange. The company also has a secondary listing on the Prime Market Foreign Stocks Segment of the Tokyo Stock Exchange, where it became the first non-Japanese Asian company to be listed in 1996. Additionally, YTL Corporation is featured as a component stock in the MSCI Malaysia Index.

Subsidiaries

YTL Corporation Berhad and its listed entities in Malaysia, which include YTL Power International Berhad, YTL Hospitality REIT, and Malayan Cement Berhad (formerly known as Lafarge Malaysia Berhad), have a total market capitalisation of approximately RM100 billion (US$21 billion) as of 30 June 2024. YTL Corp also has an interest in Starhill Global REIT, a Singapore-listed entity that owns prime retail assets in Singapore, Malaysia, Japan, China, and Australia.

YTL Corporation Berhad operates through its subsidiaries in various sectors, primarily focusing on power generation, water and sewerage services, cement manufacturing, construction, property development, hotel and resort management, telecommunications, digital banking, data centers, artificial intelligence, cloud computing, renewable energy, and education. Utilities constitute the largest portion of the company's revenue at 71%, followed by cement manufacturing at 16%, construction and hotel operations each at 4%, with the remaining revenue distributed among other sectors.

Subsidiary	Business
YTL Power International	Utility, cloud computing
YTL Cement	Construction material
YTL Construction	Construction
YTL Land and Development	Property development
YTL Hospitality REIT	Hospitality
YTL Communications	Telecommunication
Express Rail Link	Transportation

Operations

Malaysia

YTL's core operations are concentrated in Malaysia. YTL Power International is a major player in the country's power generation and water sectors. YTL Communications provide telecommunication services under the YES brand. YTL Construction has undertaken large-scale infrastructure projects across the country, including power plants, airports, hospitals, railway lines, and commercial and residential buildings. YTL Land is responsible for property development, with a significant land bank and townships like Sentul in Kuala Lumpur under its belt. YTL Hospitality REIT manages and develops a portfolio of renowned hospitality properties like Pangkor Laut Resort and The Ritz-Carlton, Kuala Lumpur. Express Rail Link operates the KLIA Ekspres and KLIA Transit high-speed rail services connecting Kuala Lumpur International Airport (KLIA) with Kuala Lumpur Sentral.

Singapore

YTL Power owns and operates YTL PowerSeraya in Singapore, a company with a total licensed generation capacity of 3,100 megawatts and involved in multi-utility operations. Additionally, YTL Corp has a significant stake in Starhill Global REIT, a Singapore-based Real Estate Investment Trust (REIT) that invests in prime retail and office properties across Singapore, Malaysia, Japan, and China.

In July 2024, YTL announced its intention to expand into the industrialized building systems sector through YTL Cement Bhd, which plans to acquire a significant stake in NSL Ltd, a company based in Singapore.

United Kingdom

YTL's presence in the United Kingdom is through Wessex Water, a water and sewerage provider serving 2.9 million customers. YTL Developments UK Limited is another venture undertaking the development of Brabazon, a mixed-use property project on the historic Filton Airfield site in Bristol.

Other Countries

YTL Power has investments in power generation companies PT Jawa Power and PT Jawa Timur in Indonesia. Attarat Power, a power generation company in Jordan, is also owned by YTL Power.