YTL (4677) YTL CORP BHD the building material stock to shine
Building material stocks have gone up crazily. YTL is the last building stock that will fly soon.
Following the acquisition of Malayan Cement, YTL’s cement division now commands a 60%-70% share of the domestic cement market, positioning it well to ride on this potential upcycle in infra spending.
Cement price has gone up 12% in the last 3 months. This means YTL is pocketing an additional profit of Rm120mil on top of Rm92mil normal profit.