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Re: YTL / Yeoh Tiong Lay

PostPosted: Tue Aug 29, 2023 10:47 am
by 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

Re: YTL / Yeoh Tiong Lay

PostPosted: Mon Dec 04, 2023 9:37 am
by 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

Re: YTL / Yeoh Tiong Lay

PostPosted: Thu Apr 25, 2024 12:27 pm
by 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

Re: YTL / Yeoh Tiong Lay

PostPosted: Fri May 24, 2024 10:02 am
by winston
not vested

YTL Corp’s 9-month net profit surges 186% to RM2.8bil

Source: The Star

https://www.thestar.com.my/business/bus ... e=smartech

Re: YTL / Yeoh Tiong Lay

PostPosted: Mon May 27, 2024 8:31 am
by winston
not vested

Share price direction to mirror YTLP

We raise EPS and lift TP to RM3.88 but downgrade our rating to Hold.

KL-SG HSR is a key catalyst but, with 72% of FY24F pretax profit and 51% of SOP from utilities, we believe share price direction will mirror YTLP for now.

3QFY6/24 results met expectations; we see further improvement for cement

Source: CIMB

https://rfs.cgsi.com/api/download?file= ... 782B3F1AEF