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CIMB Equities: Big rail catalyst expected for YTL Corp


It was reported that Yeoh also reiterated YTL’s intention to participate in a tender for the KL-Singapore high-speed rail (HSR). However, its consortium members (local or foreign) were not disclosed  It is unclear whether it will tender for the project delivery partner (PDP) or the AssetsCo package.

It was reported that Yeoh also reiterated YTL’s intention to participate in a tender for the KL-Singapore high-speed rail (HSR). However, its consortium members (local or foreign) were not disclosed It is unclear whether it will tender for the project delivery partner (PDP) or the AssetsCo package.

KUALA LUMPUR: CIMB Equities Research expects a big rail catalyst for YTL Corp Bhd on news that the company had secured a package from the RM8.9bil Gemas-Johor Baru electrified double-tracking railway project.

The research house said Nikkei Markets reported that YTL Corp managing director Tan Sri Yeoh Sock Ping had said at the group’s AGM that the company had secured part of the project.

Corporate News , YTL Corp

   

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