KUALA LUMPUR: Shares of MALAYSIAN RESOURCES CORP [] Bhd (MRCB) advanced in late morning on Wednesday, Sept 29 as investors expect it to be a key beneficiary from the government's Economic Transformation Programme (ETP).
At 10.50am, it is up seven sen to RM2.10 with 5.58 million shares done.
The FBM KLCI rose 1.61 points to 1,461.25.Turnover was 246.5 million shares valued at RM270 million. There were 277 gainers, 195 losers and 249 stocks unchanged.
Analysts said they expected MRCB to benefit from the RM36 billion KL MRT, which featured in the Greater Kuala Lumpur plan under the ETP and also the proposed redevelopment of the Rubber Research Institute (RRI) land in Sungei Buloh.
Hwang DBS Vickers Research had a High Conviction Pick on MRCB with a target price of RM2.25.
At 10.50am, it is up seven sen to RM2.10 with 5.58 million shares done.
The FBM KLCI rose 1.61 points to 1,461.25.Turnover was 246.5 million shares valued at RM270 million. There were 277 gainers, 195 losers and 249 stocks unchanged.
Analysts said they expected MRCB to benefit from the RM36 billion KL MRT, which featured in the Greater Kuala Lumpur plan under the ETP and also the proposed redevelopment of the Rubber Research Institute (RRI) land in Sungei Buloh.
Hwang DBS Vickers Research had a High Conviction Pick on MRCB with a target price of RM2.25.
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