KUALA LUMPUR (Dec 14): YTL Corp Bhd rose 6% yesterday, the biggest gain in more than three years compared with end-of-day price changes and almost 16 times the country's benchmark index.

The shares climbed to RM1.24 from RM1.17.

YTL's move compares with the 0.4% gain in the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index and the 0.3% advance in the MSCI AC Asia Pacific Index. The stock is 11% below the Bloomberg consensus one-year target price.

YTL trades at almost 17 times trailing 12-month earnings and almost 19 times its estimated profit for the coming year. Its stock declined 18% so far this year and lost 20% in the past 52 weeks.

YTL is an investment holding and management company. The company, through its subsidiaries, operates an integrated infrastructure development which includes construction work on contractual basis, property development, power generation, and hotel development and management. YTL also manufactures industrial products and supplies.