RHB Research said the stake increase in Ranhill was a strategic move for YTL Power to complement the group’s portfolio, while strengthening its footprint in Johor.
PETALING JAYA: The increased stake in Ranhill Utilities Bhd
bodes well for YTL Power International Bhd’s earnings growth over the long term.
While the near-term impact would likely be muted, YTL Power’s controlling stake in Ranhill is expected to strengthen the company’s position in the lucrative Malaysian utilities space.
