KUALA LUMPUR: Kenanga research views YTL Power International Bhd
's acquisitions of power asset Tuaspring Pte Ltd for S$331mil to consolidate with YTL PowerSeraya as a near-term negative.
"Given the lack of financial disclosure, judging from operating losses at YTL PowerSeraya in the past six quarters while this Tuaspring asset is under receivership, we believe that Tuaspring could be a loss-making company," said Kenanga.
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