Maybank IB Research positive on YTL REIT over RM1b asset injection


YTL Corp intends to inject its UK hotels worth over RM1bil into YTL REIT next year (YTL REIT’s end FY19 total asset value was RM4.856bil). YTL Corp’s unit YTL Hotels & Properties Sdn Bhd, currently owns and operates five luxury hotels across the UK.

KUALA LUMPUR: Maybank Investment Bank Research is generally positive on the plan by YTL REIT parent’s YTL Corp to inject over RM1bil worth of UK hotels into YTL REIT’s portfolio, this was notwithstanding some potential gearing-related roadblocks.

It said on Wednesday it maintained its earnings forecasts and dividend discount model target price of RM1.50.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

YTL REIT , YTL Corp , assets

   

Next In Business News

CPO futures likely to trade lower on profit-taking next week
Oil notches weekly gains ahead of Opec+ decision
Hektar-REIT focuses on strengthening portfolio
Timber furniture sales cool as demand softens in US, Europe
Fading population dividend
CTOS eyes new overseas markets to drive growth
Big wins for billionaire Ambani in Disney tie-up
HAS inks deal for five new Airbus helicopters
Positive outlook for luxury condo market
China quants making big cap bets weather turmoil

Others Also Read