YTL Power’s proposed divestment a positive move

Analysts are positive on the proposed divestment going by reports that were issued yesterday, while on the stock market, the stock gained 5.5 sen or 9.17% to close at 65.5 sen.(File pic shows one of YTL's power projects.)

PETALING JAYA: YTL Power International Bhd’s disposal of its 33.5% stake in ElectraNet Pty Ltd would see it unlock a sizeable estimated gain of RM2.2bil, which the utilities provider can deploy for future expansion and investments.

Analysts are positive on the proposed divestment going by reports that were issued yesterday, while on the stock market, the stock gained 5.5 sen or 9.17% to close at 65.5 sen.