Both YTL Corp and YTL REIT achieved stable growth

YTL Corp achieved better quarterly result with a slight reduce in revenue. YTL REIT improve both revenue and its profits. Dividend payment is continue maintain at 8% above. However, continue growth of revenue and profit are needed to keep the yield above its income. Given the brand name of YTL, we believe it is still a buy call for us. Target YTL REIT at RM 1.10 with accumulation call on current RM 0.920 price.