KUALA LUMPUR: YTL Corporation’s 9MFY20 results were below expectations as its core net profit fell 82% on-year (YoY) impacted by Covid-19, movement control order (MCO) and the shutdown of the Rawang cement plant, CGS-CIMB Equities Research says.
“We expect 4Q20 to be weaker qoq and yoy (full impact of the MCO) but this is largely reflected in the share price, underpinned by a recovery in 2HCY20.
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