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.
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