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RHB Research maintains Neutral on YTL Power, lowers fair value to RM1.71

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RHB Research maintains Neutral on YTL Power, lowers fair value to RM1.71 Empty RHB Research maintains Neutral on YTL Power, lowers fair value to RM1.71

Post by Cals Wed 21 May 2014, 17:13

RHB Research maintains Neutral on YTL Power, lowers fair value to RM1.71
Business & Markets 2014
Written by theedgemalaysia.com   
Wednesday, 21 May 2014 08:13

KUALA LUMPUR (May 21): RHB Research has maintained its Neutral rating on YTL Power International Bhd with a lower fair value (FV) of RM1.71 (from RM1.86) and said YTL Power’s 9MFY14 core earnings of RM852.0 million came within expectations as weakness in its PowerSeraya unit was offset by improved showing from Wessex Water operations.
“Maintain Neutral, with our FV tweaked to RM1.71 (from RM1.86) as we update our WACC assumptions amid the current rising interest rate environment,” the research house said in a note Wednesday.
 
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