KUALA LUMPUR: YTL Power Bhd received a business viability guarantee letter for Tanjung Jati and is confident of achieving financial close very soon, which could lead to a re-rating catalyst for the stock, says RHB research.
The research house upgraded YTL Power to a buy call from neutral with a higher target price of 95 sen from 73 sen previously after imputing the valuation for the Tanjung Jati plant at 19 sen per share.
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