For those who bought YTL Corp shares cum share split of 1 into 5 way back in April 2011, you would have average about RM1.55 per share.
Subsequent to that, it rose as high as RM1.82 and went down as low as RM1.29. Currently it is back at RM1.73. [on 20 March 2012, it ended at RM1.76.]
If RHB IB forecast price of RM2.00 is achieved within 2012, that would mean that an investor who bought the share just after ex-split would have made RM0.45 sen per share. Assuming that you bought the share today at RM1.73, it means there is another 17 sen to be made if the share price moves and stays at that price of RM2.00.
So, let us re-calculate:
For the investor who made 0.45 sen, it meant a return of 29% gross or 23% nett.
For the investor who bought in today at RM1.73;with a potential 17 sen to be had, it means a return of 9.8% gross. Minusing brokerage and administrative charges, it means a return of 3.8%.This is still better than the current bank rate of 3%.
Today(20 March 2012)OSK IB predicts that YTL Corp will go further to a new top price of RM2.10.
So, would you still buy into YTL Corp at this stage?
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