Bursa Malaysia Stock Watch

MMHE: Maintan Buy - Strong newsflow from 2H

kltrader
Publish date: Thu, 05 Jul 2012, 09:55 AM
kltrader
0 20,639
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.
Maintain BUY; TP at MYR5.70 with upside bias. We foresee a strong order pipeline for MMHE from 2H12. It is likely to win three projects (Malikai, Damar, Central Diyabekir) worth MYR1.4b very soon. Its order book win should sustain into 2013 for several sizeable projects are also in the pipeline. Our earnings forecasts, which impute job wins of MYR2-3b p.a., are unchanged. Our TP is based on 20x FY13 EPS.

Click here for full report

Source: Maybank Research - 5 July 2012
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment