KUALA LUMPUR: YTL Power International Bhd's recent share price correction may be excessive, as stronger electricity margins in Singapore are expected to cushion the impact of gas supply disruptions from Indonesia, while its data centre and power generation expansion offer further earnings upside.
CGS International Securities Malaysia Sdn Bhd said the group's share price had fallen 21 per cent since end-September 2026, compared with a three per cent decline in the FBM KLCI, wiping out approximately RM10.7 billion in market capitalisation.
The sell-off was driven by concerns over global data centre investments, gas supply curtailments and scrutiny surrounding Nvidia and the artificial intelligence (AI) chip supply chain.
