PETALING JAYA: Among the many railway
construction contracts that have been dished out of late, one in
particular stands out from the rest.
This is because the recent construction contract for the Gemas-Johor Baru work package was awarded to YTL Corp Bhd, a company which has not been active in the local rail scene of late.
YTL did build the Express Rail Link (ERL) infrastructure back in 1996, but it has been quiet on this front, especially when the numerous rail projects were announced in the past three years.
The surprise win has boosted investor-interest in the otherwise “boring” and predictable stock, according to some in the investment community. The company’s share price has seen increased interest since the contract was announced before Christmas last year.
After an established downtrend of about 14 months since September 2016, the stock had risen by close to 39% in a span of just seven weeks to close at RM1.54 last Friday.
YTL is immediately seen as a very attractive proxy to the very active construction sector with the recent clinching of the railway contract, and investors have stealthily piled on into the price action.
The company had in December last year secured a package for the RM8.6bil Gemas-Johor Baru electrified double-tracking railway project.
“I think the excitement for the railway project has only just started for YTL. Bear in mind that it has been quite a predictable and safe stock all this while and this contract has definitely spruced up interest in it in the short term,” a dealer with a local brokerage said.
The Gemas-Johor Baru double-tracking project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification and signalling systems.
The project, which was delayed due to land acquisition issues along the route, is now finally taking off.
VVVVVVVVVVVV
AIMING MALAYSIA-SINGAPORE HSR
YTL Corporation Berhad (“YTL Corp” or ”the Company”) wishes to announce that its wholly-owned subsidiary, Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd, had on 19 January 2018 incorporated a wholly-owned subsidiary known as YTL High Speed Rail Sdn Bhd (“YTL HSR”).
The issued and paid-up share capital of YTL HSR is RM1.00 comprising of 1 ordinary share. YTL HSR was incorporated to undertake, construct, maintain, improve, develop, implement, control, execute and manage any railway project
This is because the recent construction contract for the Gemas-Johor Baru work package was awarded to YTL Corp Bhd, a company which has not been active in the local rail scene of late.
YTL did build the Express Rail Link (ERL) infrastructure back in 1996, but it has been quiet on this front, especially when the numerous rail projects were announced in the past three years.
The surprise win has boosted investor-interest in the otherwise “boring” and predictable stock, according to some in the investment community. The company’s share price has seen increased interest since the contract was announced before Christmas last year.
After an established downtrend of about 14 months since September 2016, the stock had risen by close to 39% in a span of just seven weeks to close at RM1.54 last Friday.
YTL is immediately seen as a very attractive proxy to the very active construction sector with the recent clinching of the railway contract, and investors have stealthily piled on into the price action.
The company had in December last year secured a package for the RM8.6bil Gemas-Johor Baru electrified double-tracking railway project.
“I think the excitement for the railway project has only just started for YTL. Bear in mind that it has been quite a predictable and safe stock all this while and this contract has definitely spruced up interest in it in the short term,” a dealer with a local brokerage said.
The Gemas-Johor Baru double-tracking project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification and signalling systems.
The project, which was delayed due to land acquisition issues along the route, is now finally taking off.
VVVVVVVVVVVV
AIMING MALAYSIA-SINGAPORE HSR
YTL Corporation Berhad (“YTL Corp” or ”the Company”) wishes to announce that its wholly-owned subsidiary, Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd, had on 19 January 2018 incorporated a wholly-owned subsidiary known as YTL High Speed Rail Sdn Bhd (“YTL HSR”).
The issued and paid-up share capital of YTL HSR is RM1.00 comprising of 1 ordinary share. YTL HSR was incorporated to undertake, construct, maintain, improve, develop, implement, control, execute and manage any railway project
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