Friday, February 24, 2012

YTLPOWR - Lower dividends

YTL Power; Hold; RM1.90
Price Target: RM2.20; YTLP MK

1HFY12 result in line, but DPS was lower q-o-q. New power plant in Malaysia and potential acquisitions are longer term catalysts. Maintain Hold on reasonable valuation.

Source: HwangDBS Research 24 Feb 2012

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