YTL Corporation Berhad is a prominent Malaysian business that was founded in 1955. Established by Tan Sri Yeoh Tiong Lay, the company has grown from its humble beginnings into one of Malaysia's leading diversified infrastructure groups.
YTL Corporation's business interests span a wide range of industries, including construction, utilities, cement manufacturing, property development, and hotels. It has a substantial international presence with operations across Australia, Indonesia, Malaysia, Singapore and the UK.
The company's current leadership is under the stewardship of Tan Sri Francis Yeoh Sock Ping, the eldest son of the founder, who has played a pivotal role in expanding its global footprint.
YTL Corporation's shares are listed on the Bursa Malaysia. The Yeoh family holds a majority of YTL's shareholdings.
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YTL Corporation Berhad EPS and Revenue Breakdown 2020-2023
| Source: TradingView | Annual EPS | Annual Revenue |
|---|---|---|
| 2020 | MYR -0.02 | MYR 4.78 billion |
| 2021 | MYR -0.03 | MYR 17.36 billion |
| 2022 | MYR 0.01 | MYR 24.16 billion |
| 2023 | MYR 0.09 | MYR 29.51 billion |
Comparison
YTL Corporation Berhad Share Price & Chart
The YTL share price surged between May 2023 and May 2024, briefly climbing above the 3.80/3.90 mark before pulling back. More recently (July 2024), the price once again reached those highs but again pulled back after hitting resistance.
Dividend Yield: 1.12%
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YTL Corporation Berhad Share Price Forecast
Data compiled by i3 Investors shows that out of five analysts covering YTL Corporation Berhad shares, all five have a Buy rating on the stock. Given the lack of bearish views, here are the summaries of two research notes from analysts assigning the stock a Buy rating:
Analysts at CIMB reiterated an Add rating on the stock in December 2023. The firm, at the time, noted that YTL’s earnings for the past few quarters had “been anchored by the strong recovery in the utilities business in Singapore.” However, they forecasted an increasing contribution from its more local cyclical businesses, including cement, construction, property and hotels, over the next few years. the firm stated that YTL is a proxy for a recovering Malaysian economy.
Back in January, analysts at AmInvest noted the surge in YTL's share price (which has continued further since then), reiterating a Buy rating on the stock. At the time, they stated the rise had signalled the return of buying interest in the company's shares. In addition, the firm said they believed YTL's shares would see further strength in the near term
Average Analyst Consensus 12-Month Price Target: MYR 4.04
Who Should Buy YTL Corporation Berhad Shares
YTL Corporation Berhad can be an enticing investment for various investor profiles, but every investor should think about aligning their investment goals with the company's characteristics and market position. Here are some investor types who might find YTL Corporation shares attractive:
Exposure to Diversified Sectors: Investors seeking exposure to a diverse range of sectors, including construction, utilities, cement manufacturing, property development, and hospitality, may find YTL Corporation appealing. The company's broad business portfolio provides a hedge against sector-specific risks.
Dividend-Focused Investors: Income-oriented investors might be drawn to YTL Corporation's history of dividend payments. The company has a track record of distributing a portion of its earnings to shareholders, making it an attractive option for those seeking regular income streams.
Long-Term Investors: Investors with a long-term perspective who believe in the growth potential of infrastructure and utilities in Malaysia and beyond could find YTL Corporation a compelling investment.
Risk-Averse Investors: Investors who prioritise financial stability might consider YTL Corporation. The company's established market presence, diversified revenue streams, and strong corporate governance contribute to its reputation as a reliable and stable investment.
Investors Focused on AI Growth: While this may be a slight reach, the recent news that YTL's utilities unit will partner with Nvidia to develop AI infrastructure in Malaysia in a $4.3 billion investment deal may be attractive to those investors who believe in the expansion of the AI industry in the country.
