Bursa Malaysia Stock Watch
MRCB a 'buy' at RM2.25: HwangDBS
kltrader
Publish date: Fri, 09 Jul 2010, 03:02 PM
kltrader
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HwangDBS has reiterated its 'buy' call on MRCB with a target price of RM2.25.
The research firm says MRCB remains on 'our high conviction list as we expect its appointment as master developer of RRIM land together with a construction and developer role to transform the fortunes of the company considerably'.
Another potential catalyst, HwangDBS says, is the surge in construction flows where its has only imputed a conservative RM320 million in new order wins for MRCB.
The research firm says MRCB remains on 'our high conviction list as we expect its appointment as master developer of RRIM land together with a construction and developer role to transform the fortunes of the company considerably'.
Another potential catalyst, HwangDBS says, is the surge in construction flows where its has only imputed a conservative RM320 million in new order wins for MRCB.
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