Bursa Malaysia Stock Watch
Malaysia Marine and Heavy Engineering Holdings RM6.00: Buy
kltrader
Publish date: Fri, 18 Nov 2011, 09:56 AM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
On track Shariah-compliant
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
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