YTL Power International Bhd rose to a record as analysts said the rally in the shares reflects the “excitement ahead” of the roll-out of its high-speed broadband Internet services on November 19.
The stock climbed 2.3 per cent to RM2.66 at 9:53 am local time in Kuala Lumpur, set to close at a record. It’s the biggest gainer on the benchmark stock index today.
“The group’s pre-launch awareness drive appears to have drummed up interest in the equity market too,” Soh May Yee, an analyst at CIMB Investment Bank Bhd. said in a report today. Investors are finally attaching a value to the group’s upcoming WiMax venture." -- Bloomberg
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