YTL Land & Development

YTL Land has continued to surge higher in last week. It was opened at RM1.80 on Monday and closed at RM2.38 on Friday, the stock's 52-week high. As a reminder, HDBS has pegged YTL Land's target price at RM3.30, substantially above last Friday's closing price.


YTL Land's key landbanks include Lake Edge in Puchong, with about RM100mil GDV left; Pantai Hillpark (RM800mil GDV left and a 294-acre area in Sentul with a GDV of about RM17bil remaining.

Meanwhile, YTL Land has released the advertising 'teasers' for its d7 project, its first commercial development in Sentul East, with a GDV of about RM80mil.


HDBS forecasts YTL Land's net profit for FY2007 to be RM16.1mil, which is more than 50% lower than FY2006's net profit of RM45.9mil. However, forecasts for the company's net profit in FY2008 and FY2009 to pick up to RM55mil and RM148.3mil respectively.