Surf88 expected YTL Power to at least maintain net dividend at 14.4 sen per share in its results to be announced soon.
YTL Corp's biggest unit's pre-tax profit for the nine months ended March 31, 2003, stood at RM565mil against RM462mil previously.
YTL Power is also a cash-rich and well-managed company.
CAHB is also expected to conclude merger talks with AMMB Holdings Bhd's AmBank Bhd and AmFinance Bhd soon.
A successful merger with AMMB's commercial banking and finance arm is likely to narrow CAHB's gap with Malayan Banking Bhd.
The contract is under a consortium lead by its 50%-owned Kerry Utilities Ltd.
The company expects the successful bid would edge a strategic advantage in its tender for 10 other sewage projects in Beijing estimated to be worth 2 billion reminbi.
For the three months ended June 30, the company recorded an impressive group pre-tax profit of RM313.2mil from RM24.3mil a year ago, on lower sales of RM2.18bil compared with RM2.28bil previously.
The company expects its full year results to March 31, 2004, to improve over the previous financial year.
It has a land bank of 48.23ha and land availability is said to be assured for the next eight to 10 years.
The company is also banking on a two-pronged strategy of growing its agency force and developing strategic tie-ups with financial institutions to achieve double-digit growth in revenue and earnings for the year ending Dec 31, 2003.
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