PETALING JAYA: While YTL Power International Bhd
’s major shareholder’s intention to privatise the company is unknown, some analysts are saying the stock is no longer attractive due to dividends cutback and expect a challenging outlook going forward.
MIDF Investment Bank Bhd analysts Syed Muhammed Kifni and Amelia Arshad said the company was currently trading at price-earnings ratio (PER) financial year ending June 30, 2013 of nine times, which was below its 3-year average PER band of 10 to 16 times.
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