YTL undervalued despite surge in share price

HLIB Research remains upbeat on YTL’s outlook, underpinned by key catalysts, namely, its utilities, construction and cement. businesses.

PETALING JAYA: YTL Corp Bhd remains “undervalued” even as the conglomerate’s share price hit a new high yesterday of RM2.77 after rallying by over 300% in the past year.

Citing “strong potential upside”, Hong Leong Investment Bank (HLIB) Research raised its fair value for YTL shares by nearly 59% to RM3.33 a share.