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The fact that 1Bs continue issuing new call warrants on Ytlp shows the good prospects for it's price in coming months.
RHB, Ambank, Maybank, CIMB, Kenanga and Macquarie have issued new call warrants on YTLP in past few weeks, with conversion price as high as RM5.88 (MIBB, Kenanga) and RM6.38 (Macquarie) which correspond to the range of target prices given by these IBs.
Valuation for YTL Power by Blog Dragon 328;
With the latest Q4 result, YTL Power has become the cheapest utility stock in Bursa. YTL Power is trading at historical PER of just 8.8x, dropping to 8.1x in FY2025 and 6.5x in FY2026. In comparison, Tenaga is trading at 23x PER on FY2024 earnings and Petronas Gas at 20x FY2024 earnings.
To me, YTL Power should be trading at minimum PER of 10x and a fair PER of 15x, hence it should be trading at RM4.27 minimum or RM6.40 in 2024, rising to a minimum of
