YTL Power and Other Malaysian Firms Navigate Energy Cost Increases Amid Middle East Conflict
YTL Power's energy cost exposure is mitigated by fuel hedging and PPAs. The Attarat power plant in Jordan is unaffected by global oil prices. Gas Malaysia secured approval for a RM2.0bn LNG terminal, while Solarvest won a RM89.5mn contract for a solar plant. Other firms like GDB Holdings and Crest Builder also secured significant contracts. Sunway Healthcare will join the FTSE Bursa Malaysia KLCI on 25 March 2026. Top Glove reported a 1.5% YoY profit increase, while Glomac’s profit nearly tripled YoY.
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YTL Power International Bhd's risk from energy cost hikes is mitigated by fuel hedging and power purchase agreements (PPAs). Its 45%-owned Attarat power plant in Jordan, partnered with Guangdong Energy Group, relies on mine-mouth supply.
Gas Malaysia Bhd has received approval for a RM2.0bn LNG regasification terminal. Solarvest Holdings Bhd signed an RM89.5mn contract for a 36MWac solar plant. GDB Holdings Bhd secured a RM115.5mn water treatment plant contract.
Crest Builder Holdings Bhd's contracts total RM513.0mn, raising its order book to RM2.0bn. Sunway Healthcare will be included in the FTSE Bursa Malaysia KLCI on 25 March 2026. Top Glove's 2QFY26 profit rose 1.5% YoY, while Glomac's profit tripled YoY.
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