Hence, YTL has first mover advantage in securing the subsequent bigger packages. Assuming that YTL Power will win a 500MW bid in the first phase of Singapore power import tender, this may potentially bring in profits of RM268 million to RM438 million a year, and add a value of RM3.8 billion to RM6.3 billion to YTL Power valuation. (c) Acquisition of Distressed Assets YTL group is well known for buying quality assets at distressed sale, eg. buying Wessex at a discount to RAB from Enron in 2002, buying Lot10 and Starhill from Taiping Co during 1998 financial crisis. Opportunities may be coming in next 2-3 years as the world is entering a rising interest rate environment. US Fed is expected to raise interest rates by 5 to 7 times this year and may start quantitative tightening cycle as early as next year. US yield curves have just inverted, history shows that US economy may go into recession in 1-2 years after yield curves invert.