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Affin Huang Maintains BUY on YTL Hospitality REIT

• 9MFY24 distributable income grew by 26% yoy to RM106m on strong revenue growth across all regions, driven by increased international arrivals in Australia and a step-up rental income from JW Marriot’s leasing renewal
• Seque...

Earnings beat to continue driving optimism

• Earnings were above expectations from stronger-than-expected margins from lower coal costs despite marginally lower volumes (due to lower activities during the Lunar New Year)
• We raise our FY24E-26E estimates to factor in better...

Malayan Cement: Achieving New Heights; Maintain BUY

We maintain our positive outlook on the cement industry, and still view Malayan Cement favourably as a direct beneficiary of the revival of construction and property activities in West Malaysia. Maintain BUY with a target price of RM7.18.

YTL Corp: Beneficiary of Infra Upcycle

• 9MFY24 result within our expectation but ahead of consensus
• Sequential performance dragged by utilities and cement divisions
• FY24F/25F net profit revised up +2%
• Maintain BUY at higher TP of RM4.19

YTL Corp’s 9-month net profit surges 186% to RM2.8bil

YTL Corp Bhd’s revenue rose 9% to RM22.2bil in the first nine months to March 31 (9M24), compared with RM20.4bil in the same corresponding period last year.

YTL Corp's nine-month earnings surge 186pct to RM2.8 bil

YTL Corporation Berhad had a notable increase in net profit, rising by 186 per cent to RM2.8 billion for the nine months ended March 31, 2024 (9M FY24) from RM979.7 million for the same period last year.

YTL Corp's 3Q net profit rises 20% on higher contribution from all business segments

YTL Corp Bhd posted a 19.8% increase in net profit for its third financial quarter ended March 31, 2023 (3QFY2024), as all of its business segments — construction, cement and building materials, property investment and development, managemen...

YTL Corp's 9-Month Profit After Tax Rises 186% to RM2.8 Billion (US$596 Million); Revenue Increases 9% to RM22.3 Billion (US$4.7 Billion)

Executive Chairman, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, ''We continued to see strong results through the third quarter of the 2024 financial year, with profit after tax up 186% and revenue increasing 9%, driven by better performa...

Clarion Malaysia Launches First-in-Malaysia AI & Robotics-based Advanced Manufacturing, Powered by Yes 5G Private Network

The state-of-the-art manufacturing facility deploys Cnergenz’s smart manufacturing solutions to drive advanced automation, reducing processing time by 70%

YTL Arena targets ‘cultural hub’ status with outdoor elements

An array of outdoor attractions have been revealed aiming to make YTL Arena a “cultural hub”, following the submission of final detailed plans for the new venue in the English city of Bristol.

YTL Group powers to the top 15 list of FBM KLCI constituents

YTL Corp Bhd and subsidiary YTL Power International Bhd have shot up to the top 15 list of the FTSE Bursa Malaysia KLCI (FBM KLCI) constituents since their inclusion last December.

YTL REIT to build RM199mil hotel in Japan to boost revenue stream

YTL Hospitality Real Estate Investment Trust (YTL REIT) has outlined plans for a new hotel development in Hokkaido, Japan, with an estimated total investment of RM199 million.