MIDF maintains neutral call on YTL at an unchanged TP of RM1.15 a share. According to news reports, Prime Minister Tun Dr Mahathir Mohamed indicated that Malaysia was exploring proposals to reduce the cost of the high-speed rail (HSR) project, which could mean a potential revival of the project. YTL is backed by a solid track record given its involvement in the construction and operation of the RM2.4 billion Express Rail Link project which was also one of the cheapest that has been rolled out nearly two decades ago at just RM42 million per km. A potential revival of the HSR project is a catalyst for YTL’s construction division (construction currently accounts for 3% of group pretax earnings), while construction earnings has seen progressive improvement in recent quarters given progress in the Gemas-JB double tracking project.... ›› more

A potential revival of the Kuala Lumpur-Singapore High Speed Rail (HSR) project is a catalyst for YTL Corp Bhd’s construction division, according to MIDF Research.... ›› more

UNIVERSITI Kebangsaan Malaysia (UKM) is the first university in the country to have a ‘Frog Classroom’ in its Centre for Literacy and Sociocultural Transformation at the Faculty of Sciences and Humanities.... ›› more

UK retail billionaire Mike Ashley is lashing out after losing a fight with US hedge funds over department store chain Debenhams Plc.... ›› more

Pangkor Island will get its duty-free status on January 1 next year. Sultan of Perak Sultan Nazrin Muizzuddin Shah today said the state government had submitted an application to gazette the island as tax free.... ›› more

Hence, the original Integrated Transportation Terminal planned in Gombak, Selangor, may be shifted to this location in Putrajaya, completing the transit and rail network linkage with KTM Komuter, ETS Services, ERL, MRT and the future HSR. ... ›› more