KUALA LUMPUR: AmResearch is placing YTL POWER INTERNATIONAL BHD [] (YTLP) UNDER REVIEW pending greater clarity on the response to its WiMax service.
The research house said on Thursday, Nov 11 the stock currently trades at a fully diluted CY11F PE of 18 times -- above its three-year diluted PE band of 10 times to 16 times.
'It is still offering a decent dividend yield of 5%, which we understand is unlikely to be adversely affected by the RM2.5 billion WiMax capital expenditure programme,' it said.
YTL Power's 60%-owned YTL Communications Sdn Bhd has acquired a 90% stake in Extiva Communications Sdn Bhd from YTL E-SOLUTIONS BHD [] for RM18 million cash.
AmResearch said given the relatively small value, this will have an insignificant impact on YTL Power's FY11F-FY13F earnings.
The research house said on Thursday, Nov 11 the stock currently trades at a fully diluted CY11F PE of 18 times -- above its three-year diluted PE band of 10 times to 16 times.
'It is still offering a decent dividend yield of 5%, which we understand is unlikely to be adversely affected by the RM2.5 billion WiMax capital expenditure programme,' it said.
YTL Power's 60%-owned YTL Communications Sdn Bhd has acquired a 90% stake in Extiva Communications Sdn Bhd from YTL E-SOLUTIONS BHD [] for RM18 million cash.
AmResearch said given the relatively small value, this will have an insignificant impact on YTL Power's FY11F-FY13F earnings.
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