KUALA LUMPUR (April 3): AffinHwang Capital Research has maintained its “Hold” rating on YTL Power International Bhd with an unchanged target price of RM1.54 and said YTL Power may see a small earnings uplift if its PPAs are extended, which would be positive for dividends.

In a note today, the research house however said YTL Power still lacks long-term catalysts due to rising regulatory and competitive headwinds in its foreign operations.

“Maintain Hold and RM1.54 target price,” it said.