$YTL / 4677 (YTL CORPORATION BERHAD)
Research by MIDF
BUY – TP RM4.19

"Banking on Infra for Future Upside”

• FY24 result within ours and consensus estimates, exceeding projections by only 2%
• Sequential performance weighed slightly by utilities and cement divisions
• Actively tendering for external construction jobs
• Maintain BUY with an unchanged TP of RM4.19

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my