Tuesday 3 June 2014

Track 4A awarded to YTLP consortium

CIMB have a target price of RM2.39 for YTLP

Track 4A was awarded to a consortium consisting of YTL Power, Tenaga and SIPP Energy (Johor Sultan's vehicle).

Little details is available for the moment but analyst are positive that YTLP is part of the consortium and will remain a Malaysian power player, albeit on a smaller scale.

CIMB have estimated an earning boost of approximately 10-11% in 2018, assuming a 33% stake in the consortium.

CIMB report - 2 June 2014

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