Bursa Malaysia Stock Watch

YTL Power International: Upgrade to Buy - Big Boost From 1Bestarinet

kltrader
Publish date: Wed, 23 May 2012, 09:10 AM
kltrader
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Maintain MYR2.05 TP but upgrade to BUY. YTL Power International (YTLP) reported results that were largely within expectations. That said, it was encouraging that YES is close to breaking even, likely due to the 1Bestarinet contract. YTLP attributed its cut in dividends to YES' startup losses. Now that YES appears to be breaking even, dividends may be reinstated, we think. At current prices, YTLP is trading at close to trough valuations.

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Source: Maybank Research - 23 May 2012
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