YTL Power to stick to investing in regulated assets

TheStar Thu, Jan 21, 2021 09:40am - 3 years View Original


Fundamentally, the brokerage considered YTL Power’s current risk-reward profile as being merely balanced. MaybankIB maintained “hold” on the counter, with an unchanged target price of 67 sen.

PETALING JAYA: YTL Power International Bhd (YTL Power) is unlikely to diversify aggressively into renewable energy due to the lean returns from such projects, according to Maybank Investment Bank (MaybankIB).

The brokerage noted the utility conglomerate’s willingness to participate in greenfield coal-fired plants suggests its environmental, social and governance (ESG) concern.

“Given YTL Power’s considerable coal exposure, the company will have to contend with the environmental stigma for the considerable future.

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