HLBank Research Highlights

HLIB Retail Research – 24 Oct – Bullish Tracker

HLInvest
Publish date: Tue, 24 Oct 2023, 09:45 AM
HLInvest
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This blog publishes research reports from Hong Leong Investment Bank

YTLPOWR (6742HLIB BUY-TP RM2.90): Main market; Utilities

Falling wedge pattern bodes well for an eventual rebound towards 2.25-2.38 zones.

✅Current price: RM1.95

✅Resistance: RM2.25-2.38-2.50

✅Support: RM1.88-1.75-1.68

✅FY6/2024E P/E: 8.1x

✅FY6/82024E DY: 4.1%

✅BVPS (RM): 2.07 (P/B:0.94x)

✅Risk profile: Low

Source: Hong Leong Investment Bank Research - 24 Oct 2023

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