KUALA LUMPUR: CIMB Equities Research expects a big rail catalyst for YTL Corp Bhd on news that the company had secured a package from the RM8.9bil Gemas-Johor Baru electrified double-tracking railway project. It was reported that Yeoh also reiterated YTL’s intention to participate in a tender for the KL-Singapore high-speed rail (HSR). The China Railway Construction Co-China Railway Engineering Co-China Communications Construction Co consortium is the main contractor. “We estimate YTL’s construction order book was valued at RM500mil at end-1QFY6/18, with most of the works in hand being in-house property development jobs. It retained “add” call due to improved visibility for rail order replenishments, its potential participation in KL-Singapore HSR and the Gemas-JB rail projects.

Source: The Star December 15, 2017 00:29 UTC