Positive outlook for YTL Corp

PETALING JAYA: YTL Corp Bhd’s earnings momentum remains strong with analysts maintaining an optimistic outlook on the conglomerate, supported by potential infrastructure-project wins.

YTL posted a slightly lower net profit of RM580.01mil, reflecting a basic earnings per share of 5.26 sen for its second quarter ended Dec 31, 2024 (2Q25).

Its revenue, however, increased by 7.02% year-on-year (y-o-y) to RM8.06bil as compared to RM7.53bil in the same quarter of the previous year.

The group recorded a net profit of RM913.72mil and revenue of RM15.83bil in its second-half ended Dec 31, 2024 (2H25).

Its core net profit of RM521mil in 2Q25 brought 1H25 core net profit to RM1bil.

CGS International Research said that the results came in at 52% of its financial year 2025 core net profit forecast and 50% of consensus, and stated that “we deem the results to have met expectations”.

The research house said a major catalyst for YTL’s prospects is its bid for the Johor autonomous rapid transit or light rail transit projects.

“In our view, YTL is potentially a large-cap proxy to key infrastructure projects in Malaysia with its synergistic cement business,” it added.