Parent company YTL was up 9% to RM1.91. “We came away equally upbeat on the company and a clearer view that YTL Power is moving beyond a defensive utility play to a higher growth digital infrastructure exposure,” said MBSB Research, now the most bullish research house on YTL Power with a target price of RM5.63. On Thursday, YTL Power held a briefing and told analysts that it is accelerating plans for its Green Data Centre Park in Johor, aiming to double capacity to 1,000 megawatts within three years from the initially planned 500 megawatts. Further, YTL Power is considering the listing of its data centre unit as well as bond or sukuk issuances to fund the expansion, according to analysts who attended the company’s briefing. YTL Power may be also benefiting from shortages of electricity and gas turbines from the mushrooming of data centres globally, according to AmInvestment Bank.

Source: The Edge Markets April 03, 2026 08:19 UTC