KUALA LUMPUR: Hwang DBS Vickers Research says MALAYSIAN RESOURCES CORP [] Bhd (MRCB) remains on its high conviction list.
It said on Friday, July 9 that it expects MRCB to be appointed master developer of Rubber Research Institute Malaysia land together with a CONSTRUCTION [] and developer role to transform the fortunes of the company considerably.
'Another potential catalyst which could surprise is the surge in construction flows where we have only imputed a conservative RM320m in new order wins. Reiterate BUY with SOTP-derived TP of RM2.25,' it said.
It said on Friday, July 9 that it expects MRCB to be appointed master developer of Rubber Research Institute Malaysia land together with a CONSTRUCTION [] and developer role to transform the fortunes of the company considerably.
'Another potential catalyst which could surprise is the surge in construction flows where we have only imputed a conservative RM320m in new order wins. Reiterate BUY with SOTP-derived TP of RM2.25,' it said.
No comments:
Post a Comment