October 13, 2011

YTL Power raised to 'buy', stock climbs

Stock Name: YTLPOWR
Company Name: YTL POWER INTERNATIONAL BHD
Research House: MAYBANKPrice Call: BUYTarget Price: 2.02



YTL Power International Bhd rose to a two-week high in Kuala Lumpur trading after the stock was upgraded at Maybank Investment Bank Bhd, which cited its "attractive" valuation.

The stock climbed 1.8 percent to RM1.72 at 10:06 a.m. local time, set for its highest close since Sept. 29.

YTL Power was raised to "buy" from "hold," Maybank Investment said in a report today. -- Bloomberg

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