YTL / Yeoh Tiong Lay

[winston]

not vested

Morphing into a large cap infra proxy

We reiterate our Add call, raise FY24-26F EPS by 37-58% and lift our TP to RM1.91 (20% discount to SOP).

We believe YTL’s twin growth engines of construction and cement make it a fitting large cap infrastructure proxy for Malaysian infrastructure.

YTL Land said it will step up its launches in Sentul to tie in with MRT 3 rollout.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 5C8DD1AB59

[winston]

not vested

Firing on all cylinders

We reiterate Add, raise FY24F-26F EPS by 14-38% and lift TP to RM2.13.

YTL is balancing dividends, growth opportunities and share buybacks.

We believe the company, an FBM KLCI constituent, is a proxy for Malaysia’s economic recovery.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 51B815AE27

[winston]

not vested

YTL Corp remains undervalued with solid earnings, upside potential — HLIB

By Anis Hazim

HLIB has now revised its fair value on YTL Corp to RM3.33 (from RM2.10).

The median 12-month target price is RM2.87, according to Bloomberg, which indicates a potential 4.7% gain from the current share price.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/709306