Dividend appeal of Litrak

MaybankIB maintained its “buy” call on Litrak

PETALING JAYA: Lingkaran Trans Kota Holdings Bhd (Litrak) remains an attractive dividend play despite the company’s prospects being dented by lower traffic volume due to Covid-19-induced lockdowns.

Backed by a healthy cash balance, the highway concessionaire’s dividend yield has the potential of reaching 6.4% for the financial years (FY) ending March 31,2022, and 2023.

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