Stock Name: YTLPOWR
Company Name: YTL POWER INTERNATIONAL BHD
Look to M&As for the next catalyst
Conserving cash for M&As? YTL Power International's (YTLP)1QFY12 results were within expectations. While we had hoped that1QFY12 DPS would revert to 3.75 sen tax exempt, it remainedsubdued at 1.875 sen tax exempt. That said, 1.875 sen tax exempt stilloffers a decent 4.2% net dividend yield on an annualized basis that willhelp limit downside risk. Maintain Buy and DCF based TP of RM2.02.We understand that YTLP may embark on a major M&A soon.
Maybank research (18 November 2011)
Click here for full report ''
Company Name: YTL POWER INTERNATIONAL BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 1.80 |
Look to M&As for the next catalyst
Conserving cash for M&As? YTL Power International's (YTLP)1QFY12 results were within expectations. While we had hoped that1QFY12 DPS would revert to 3.75 sen tax exempt, it remainedsubdued at 1.875 sen tax exempt. That said, 1.875 sen tax exempt stilloffers a decent 4.2% net dividend yield on an annualized basis that willhelp limit downside risk. Maintain Buy and DCF based TP of RM2.02.We understand that YTLP may embark on a major M&A soon.
Maybank research (18 November 2011)
Click here for full report ''
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