AmResearch retains 'hold' on YTL Power
Publish date: Mon, 13 Jan 2014, 04:56 PM
AmResearch has maintained its 'hold' call on YTL Power International (YTLP), with a fair value of RM1.86 per share.
The research house quoted The Edge Malaysia report over the weekend that YTLP has emerged as the frontrunner for Project 3B, involving the construction and operation of a 2,000-megawatt coal-fired power plant locally worth RM11 billion.
AmResearch said that based on the evaluation report submitted to the Energy Commission (EC) in December last year, YTLP was the preferred bidder as its notional adjusted tariff of 25.2 sen per kilowatt-hour was the lowest.
The EC is expected to announce the winner of the bid only by Jan 20, 2014.
AmResearch has forecast YTLP to record a core net profit of RM1.09 billion for its 2014 financial year (FY14) compared with RM1.07 billion in FY13.
For FY15 and FY16, YTLP's net profit is forecast to hit RM1.24 billion and RM1.27 billion respectively.-- Bernama
The research house quoted The Edge Malaysia report over the weekend that YTLP has emerged as the frontrunner for Project 3B, involving the construction and operation of a 2,000-megawatt coal-fired power plant locally worth RM11 billion.
AmResearch said that based on the evaluation report submitted to the Energy Commission (EC) in December last year, YTLP was the preferred bidder as its notional adjusted tariff of 25.2 sen per kilowatt-hour was the lowest.
The EC is expected to announce the winner of the bid only by Jan 20, 2014.
AmResearch has forecast YTLP to record a core net profit of RM1.09 billion for its 2014 financial year (FY14) compared with RM1.07 billion in FY13.
For FY15 and FY16, YTLP's net profit is forecast to hit RM1.24 billion and RM1.27 billion respectively.-- Bernama
Labels: YTLPOWR
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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....
einvest88
the heavy share buy back by YTLP reduce the outstanding no of shares to 6.56b and is still carrying on...base on the 2014, 2015 and 2016 profit forecast, the PE for ytlp is 11.1, 10 and 9.8 ....... calc on px 1.89.....
With continue heavy share buy back and expecting Wimax biz to be profitable from 2014 onwards...YTLP really a gem to sapu esp YTLP WB...selling at almost zero premium/discount...YTLP px usually peak around pe 15.....at pe 15, YTLP px tgt around 2.60 and WB tgt px around 1.40-1.50.....this is one of d best investment stk for nx few yrs....
2014-01-14 08:23