Bursa Malaysia Stock Watch

MMHE: Maintain Hold - A blip in earnings?

kltrader
Publish date: Fri, 17 Feb 2012, 09:38 AM
kltrader
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Weakness ahead? MMHE's upcoming 3QFY11 results could miss our and consensus expectations, and there could be a knee-jerk reaction on its share price. While order visibility for 2012 is strong, it is unlikely to attract much interest vis-a-vis Kencana, for its ability to grow and capture new orders will be constrained by bottlenecks at its site. For this reason, MMHE remains a Hold with a RM5.70 TP (20x 2013 EPS).

Maybank Research 17 Feb 2012

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