PROPERTY group YTL Land & Development Bhd could be on to a good thing, said analysts, who expect sales from its key development project in Sentul, Kuala Lumpur, which have just started flowing in, to boost future earnings many fold.
They cite the company's “undemanding valuations” with future price earnings ratios (PER) of between 10.8 and 11.5 times, and earning potential of over 1,500 acres of undeveloped land with a development value of over RM10bil, as reasons why there had been such keen interest in the stock of late.
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