KUALA LUMPUR (Dec 14): YTL Corp Bhd is expected to see its order book balloon sizeably should it secure a package from the Gemas-Johor Baru electrified double-tracking railway project, say analysts. The overall project was awarded to a consortium of three China-based companies in October last year — China Railway Construction Corp Ltd (CRCC), China Railway Engineering Corp (CREC) and China Communications Construction Co (CCCC). "We estimate YTL's construction order book was valued at RM500 million at end-1QFY18, with most of the works in hand being in-house property development jobs. Retain Add due to improved visibility for rail order replenishments, its potential participation in KL-Singapore HSR and the Gemas-JB rail projects. At 11.46am, YTL Corp shares were up two sen or 1.63% at RM1.25, with a market capitalisation of RM13.22 billion.

Source: The Edge Markets December 14, 2017 04:21 UTC