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Due to repeated optimism from brokerage firms, Yang Zhongli's institutional stock price has broken a new high
$YTL(4677.MY$Driven by its three major businesses, utilities, construction, and ash, analysts are optimistic that its stock price still has plenty of room to rise, and the reasonable price has been raised sharply to RM3.33.
Following the release of Hong Leong Investment Bank's optimistic report, Yang Zhongli's agency received incentives today and its stock price broke a new high. The stock price rose 6 cents or 2.21% throughout the day, and the closing report was RM2.77.
An analyst at Fenglong Investment Bank pointed out that Yang Zhongli's three major businesses are $YTLPOWR(6742.MY$Mainly utilities, as well as construction and ash, are important drivers of its strong profit potential.
“In particular, Yang Zhongli Electric Power, Yang Zhongli's agency will rely heavily on this 55.6% subsidiary to achieve outstanding results.”
Yang Zhongli's electricity is still strong
He said that Yang Zhongli Electric Power delivered strong profit performance in the past few quarters, thanks to the contribution of Singaporean subsidiary SerayaPower.
“SerayaPower and the Jordanian affiliate Attarat power plant are expected to maintain a steady profit contribution.”
Meanwhile, analysts said that its British water subsidiary, WessexWater, is expected to turn a loss into a profit starting at the end of the current fiscal year, which will further boost the future profit performance of Yang Zhongli's utilities.
The newly emerging data center business is also viewed by analysts as one of Yang Zhongli's future growth drivers.
“500 megawatts...
$YTL(4677.MY$Driven by its three major businesses, utilities, construction, and ash, analysts are optimistic that its stock price still has plenty of room to rise, and the reasonable price has been raised sharply to RM3.33.
Following the release of Hong Leong Investment Bank's optimistic report, Yang Zhongli's agency received incentives today and its stock price broke a new high. The stock price rose 6 cents or 2.21% throughout the day, and the closing report was RM2.77.
An analyst at Fenglong Investment Bank pointed out that Yang Zhongli's three major businesses are $YTLPOWR(6742.MY$Mainly utilities, as well as construction and ash, are important drivers of its strong profit potential.
“In particular, Yang Zhongli Electric Power, Yang Zhongli's agency will rely heavily on this 55.6% subsidiary to achieve outstanding results.”
Yang Zhongli's electricity is still strong
He said that Yang Zhongli Electric Power delivered strong profit performance in the past few quarters, thanks to the contribution of Singaporean subsidiary SerayaPower.
“SerayaPower and the Jordanian affiliate Attarat power plant are expected to maintain a steady profit contribution.”
Meanwhile, analysts said that its British water subsidiary, WessexWater, is expected to turn a loss into a profit starting at the end of the current fiscal year, which will further boost the future profit performance of Yang Zhongli's utilities.
The newly emerging data center business is also viewed by analysts as one of Yang Zhongli's future growth drivers.
“500 megawatts...
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Dear Mooers,
Please be advised that the AU Stock Market will be closed on Thursday, 25 April, for ANZAC Day. Trading will resume on Friday, 26 April.
Have any holiday plans? Let us know in the comments below!
Please be advised that the AU Stock Market will be closed on Thursday, 25 April, for ANZAC Day. Trading will resume on Friday, 26 April.
Have any holiday plans? Let us know in the comments below!
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Stock watch amid this make or break week. In this week's stock watch we cover everything you need to know about Tesla. Will it tumble or rally? Why its shares could hit $200 but some think it won't recover until next year. Plus we cover US defence contractors Lockheed Martin and Northrop Grumman reporti...
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For me , nothing good below 50MA. $Invesco QQQ Trust(QQQ.US$ is slipping the 50MA here. Selling short now with very tighy stop @443.1.
I have $SPDR Dow Jones Industrial Average Trust(DIA.US$ short to protect my open position since last week. Looking forward to form another ledge near to the 10ma and break.
I have $SPDR Dow Jones Industrial Average Trust(DIA.US$ short to protect my open position since last week. Looking forward to form another ledge near to the 10ma and break.
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Before we get started, just wanted to remind you to smash that like button and leave a comment below to let me know what you think! 👍💬
Hey Mooers! 🐰🐣 How was your Easter weekend? 🌷🐰 The markets are back in action and it's time to put your trading skills to the test!
before we dive into the new indicator, let's talk about the Market Position Overview/Position Cost Distribution (MPO/PCD) 💪💪💪. So, MPO/PCD basica...
Hey Mooers! 🐰🐣 How was your Easter weekend? 🌷🐰 The markets are back in action and it's time to put your trading skills to the test!
before we dive into the new indicator, let's talk about the Market Position Overview/Position Cost Distribution (MPO/PCD) 💪💪💪. So, MPO/PCD basica...
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