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PETALING JAYA: YTL Corp Bhd posted an 18.2% increase in revenue to RM4.2bil for the three months ended Sept 30,2020 compared with RM3.5bil for the previous quarter ended June 30,2020.
KUALA LUMPUR: YTL Power International Bhd, the utility subsidiary of the YTL Corp Bhd, registered improved earnings in the first quarter ended Sept 30 despite a decline in sales.
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
KUALA LUMPUR: Stocks to watch on Tuesday include TA Global Bhd, Ho Wah Genting Bhd, MSCM Holdings Bhd, CIMB Group Holdings Bhd and Tenaga Nasional Bhd (TNB), according to JF Apex Research.
KUALA LUMPUR: YTL Corp’s share price is at attractive levels for the High Speed Rail (HSR) play as the 32% fall in share price year-to-date presents an attractive re-entry point to position for a potential favourable outcome for the project at end-2020, CGS-CIMB Research said.
Construction and cement segments lift sales
THE US dollar depreciated by 0.49% to 97.60 due to resurgent coronavirus infections in the US, and the prospect of improving growth abroad, souring investors’ appeal on the dollar.
KUALA LUMPUR: YTL Corporation’s 9MFY20 results were below expectations as its core net profit fell 82% on-year (YoY) impacted by Covid-19, movement control order (MCO) and the shutdown of the Rawang cement plant, CGS-CIMB Equities Research says.