Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 27 Jun 2013
Muhibbah Engineering, Buy; RM1.50
Price Target : RM2.15; MUHI MK
Cheaper proxy to Favco
Cheap proxy to Favelle Favco with exposure to other growing segments. RAPID projects and Myanmar airports biddings still key catalysts. Attractive valuation with 4-6x FY13-15 PE. Maintain BUY with RM2.15 TP (SOP valuation)
Source: HwangDBS Research - 27 Jun 2013
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