In a note on Wednesday, the research house said its 6.4% net dividend yield is deemed attractive and sustainable.
"We believe YTLP’s 10 sen DPS is sustainable given our annual free cash flow forecast of RM403-566mil over FY15-17E, and if boosted by RM150-165mil in dividend contributions from YTLP’s associates, would imply an “all-in” free cash flow of around RM550-730mil (8-11 sen/share)," it said.
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