From CIMB Analysts : YTL Corporation - Morphing into a large cap infra proxy We reiterate our Add call, raise FY24-26F EPS by 37-58% and lift our TP to RM1.91 (20% discount to SOP). We believe YTL’s twin growth engines of construction and cement make it a fitting large cap infrastructure proxy for Malaysian infrastructure. YTL Land said it will step up its launches in Sentul to tie in with MRT 3 rollout. YTL Power International - All-time high net profit YTLP reported an all-time high normalised net profit of RM1.8bn for FY23, which was up 4x yoy and beat ours and consensus’ forecasts by 35-41%. This was driven mainly by significant improvement in profitability at Power Seraya on the back of the supply-demand tightness in Singapore. We reiterate our Add rating with a higher SOP-based TP of RM2.40.
It’s all the way up now (1.45/1.46) and of course in between there will be up and down too but in the end it will be up again until it reach its “forecast fair price”.
Whatever come up will go down, and those which is down will go up soon, start targeting those lower trend thing like palm oil or steel, already give you all hint d 😉
And to let you all know, those analysts at cimb, hongleong and bla bla are those young fk grad and driving an old bmw 3 series, with bank account less than 1mill, you all want to follow them? If they are that good analyst they are already not working d la brooooo
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cwc1981
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Posted by cwc1981 > 2023-08-26 14:14 | Report Abuse
Thanks CM