CIMB Equities: Big rail catalyst expected for YTL Corp

It was reported that Yeoh also reiterated YTL

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.