An Overbite from EPF? |
I think YTL Corp shares are continuously being sold down by state pension funds for reasons best known to themselves. BSKL records shows that EPF is the party.
As for YTL Corp, I think they will use the Treasury buy-in to prevent the price of the counter from being further eroded with such persistent selling down by these funds.
Fighting Back |
For those intending to hop in on YTL Corp, this could be a good entry point.
However, do it cautiously because I do not expect this counter to be a road runner in the short term.
As it is now, the YTL Corp shares are trading down below RM 1.70.
A classic Alien versus Predator combat is on.
Both are survivors.