Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 6 Jun 2013
MMC Corporation; Buy; RM2.65
Price Target: RM4.95 (Prev RM3.60); MMC MK
Overlooked and underappreciated
Overlooked and lagging large cap proxy to infrastructure and Iskandar. Current share price implies land in Johor is free. Strong investor interest in Gamuda and UEML to filter down to under-owned MMC. Raising earnings and TP, High conviction BUY.
Source: HwangDBS Research - 6 Jun 2013
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