CIMB Research maintains Add call on YTL Power

KUALA LUMPUR: CIMB Research is maintaining an Add call on YTL Power International with a target price of RM2.39. 

The research house said the recommendation has been maintained despite earnings for the company’s third quarter ended March 31 having come in below consensus expectations because there may be more opportunities for YTL Power to bid for power plants, given recent news flow suggesting fast-tracking of new generation capacity.