Wednesday 4 January 2012

YTL Power climbs on UBS upgrade

YTL Power International Bhd, a Malaysian power producer, rose to a one-month high in Kuala Lumpur trading after the stock was upgraded to “neutral” at UBS AG.

Its shares climbed 1.1 percent to RM1.85 at 9:20 a.m local time, set for their highest close since Dec. 8.

Analyst Nicole Goh upgraded the stock with a RM1.90 price target following a 29 percent drop in its share price last year, UBS said in a report today. -- Bloomberg



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