KL Trader Investment Research Articles
MRCB - Look beyond the short term
Malaysian Resources Corporation; Buy; RM1.74
Price Target: RM2.70 (Prev: RM3.10); MRC MK
Weaker 2012 earnings priced in. EDL concerns overblown, RRIM still a key catalyst. Stock is oversold. BUY; TP lowered to RM2.70 as we remove our valuation for RRIM.
Source: HwangDBS Research - 7 May 2012
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Be the first to like this. Showing 2 of 2 comments
Problem here is that market lacks confidence to hold on to their little gains...let allow push higher. So when it moves 2-3 sen, others will sell and bring it back down...
2012-05-08 01:24
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Even if HwangDBS has brought the TP to 2.70, there's still a lot of upswing from its current 1.69. There's money to be made here if we can hang on for a while.
2012-05-07 23:22