KUALA LUMPUR: CIMB Equities Research has started coverage of YTL Corp with an Add rating and a target price of RM2, which is based on a 20% discount to realised net asset value (RNAV) and offers an upside potential of 29%.
“A group-wide privatisation exercise could act as a key catalyst for the stock, while the Express Rail Link (ERL) extension to KLIA2 and new capacity at YTL Cement (YTLC) are immediate earnings drivers,” it said on Wednesday.
Unlock 30% Savings on Ad-Free Access Now!
