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Is Yes under YTL Power? Anyway I would prefer a single wholesale model where MNOs would compete on after sales service as coverage is the same for all. Then I think Yes would have all the competitive edge due to the serious attitude of the Yeo family members.
Maintain BUY, TP: RM5.15. We reiterate our BUY recommendation, with a higher TP of RM5.15 (from RM3.90), based on 10% discount to SOP: RM5.72 – largely after incorporating the valuation for YTLDC and higher valuation for Wessex Water. We believe that current valuation remains undemanding, while earnings and dividends may continue to surprise on the upside. We expect further upside as investors come to appreciate the value of its data centre, earnings recovery of Wessex Water and sustainability o
