MARKET • 21/08/2026 10:55 AM

YTL Corp Shares Up 1.64 Pct In Early Trade

KUALA LUMPUR, Aug 21 (Bernama) -- YTL Corporation Bhd’s (YTL Corp) share price rose 1.64 per cent in the early trade on Friday, despite announcing a lower net profit for the financial year ended June 30, 2026 (FY2026).

At 10.20 am, its shares were up four sen to RM2.47, with 19.27 million units traded.

YTL Corp's net profit fell to RM1.43 billion for FY2026 from RM1.96 billion a year earlier, while revenue rose to RM31.61 billion from RM30.79 billion a year ago.

It said in a filing with Bursa Malaysia that the cement and building materials industry, hotel operations and utilities segments recorded higher revenue. Construction, property investment and development, and management services and other segments recorded lower revenue.

In a note, CGS International said YTL Corp has yet to capitalise on any large external infrastructure projects from its RM10 billion to RM15 billion tender book, but is in the running for the Penang LRT systems, rail bridge from Penang Island to the mainland and other overseas rail/metro projects.

“Until this happens, we believe the widening market capitalisation differential with its key subsidiary, YTL Power International, offers investors an opportunity to add exposure in YTL Corp.