$YTL (4677.MY)$ YTL maintains a BUY rating with an unchanged...
$YTL (4677.BMS)$ YTL maintains a BUY rating with an unchanged target price (TP) of RM4.19, reflecting confidence in its infrastructure-focused strategy and new ventures into data centres and renewable energy. Another analyst has upgraded the construction company from Hold to Add with a revised TP of RM3.55. This adjustment comes amid a 20% decline in YTL's share price over the past three months, making the stock appear undervalued compared to its historical performance and the sector average.
Analysts remain optimistic about YTL's future despite a slight sequential decline in performance from its utilities and cement divisions. The company's key investment highlights include a robust +23.6% quarter-on-quarter increase in profit before tax (PBT), driven predominantly by management services and other segments. Notably, the company is actively tendering for external construction projects, including the Penang International Airport expansion and various infrastructure projects in Sarawak. Additionally, the group is in the midst of acquiring an 81.24% stake in NSL Ltd for SGD227.6 million (RM792.3 million), which is expected to enhance its industrialised building system (IBS) capabilities.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment