PETALING JAYA: Affin Hwang Capital Research has raised its target price for YTL Corp Bhd to 96 sen from 70 sen based on a 10% discount to its sum-of-parts valuation and has upgraded the stock to a hold from a sell.
“At the current share price, we believe the stock is fairly valued as the recent strength in YTL’s share price has likely fully reflected the recent recovery in cement prices.
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