Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 12 Dec 2013
Muhibbah Engineering; Buy; RM2.34
Price target: RM3.10; MUHI MK
2014: firing all cylinders
Poised to secure more O&G-related jobs in 2014, mainly marine construction. Shipyard orderbook could grow significantly driven by stronger demand. Maintain BUY with SOP-based RM3.10 TP.
Source: HwangDBS Research - 12 Dec 2013
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