YTL Power – Data centres gaining traction

YTL Power held an analyst briefing on Thursday, showing that data centre operations are gaining traction.

YTL Power plans to increase the installed capacity of its Johor Data Centre from 500MW to 1,000MW by FY29F.

Data centres

“We believe that potential tenants would be mainly American hyper-scalers. The group also plans to list the data centre unit in the long-term.

“Operationally, we reckon that YTLP Seraya would perform better in 2H2026 on the back of higher electricity tariffs. We maintain BUY on YTLP with a target price of RM3.72/share,” says AmBank Research.

Business News

Staff Writer

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