Affin Research maintains Buy on MRCB after contract win KUALA LUMPUR: Affin Research has maintained its Buy call on MRCB with a price target of RM2.37 after its secured a RM32.5mil contract to install a transmission line in Malacca.
In a note on Thursday, Affin said MRCB’s contract was secured throught its unit Transmission Technology, together with its joint venture partner, Ketara Teknik.
The transmission line will use a specially constructed monopole steel structure to enhance the aesthetic value for the area and blend well with other tourism elements.
“There is no disclosure on MRCB’s share of the contract but the new job will add to MRCB’s order book even though the total value is relatively small.
“This job follows the two contracts secured recently by the group which are the Phase 3 of the Pahang River rehabilitation project for RM130mil, the construction of Giant Hypermarkets at Danau Kota, Setapak, Kuala Lumpur for RM45.8mil and Kampar, Perak for RM35mil on a design and build basis,” it said.
If u believe this target price and welcome go ahead... this kind of target i already heard since one year ago.. but never hit until now.. think carefully before buy!
can try some of its cal-warant airo, i bought before GE and sell about a month after GE, profit more than a double!!! Its worth to have a look now as the mother share is low now
Elex...i am not trying to say bad of this counter...this is my experience when holding this sharei since one year ago... I only share the weaker things abouts this share only
I normally will chose those wth high gearing, but u must bear in mind that it also mean high risk, to balance off select the one where the mother share is low and long expiry date. So u decide which one. Good luck
Cham...i really agree.. dun stuck money at herr coz I am the one stuck more than one year and get nothing.. finally i sold and buy airasia and get return within 2weeks..
Yeah, I threw in the towel liao... sold all MRCB. good luck to those who are still holding.... Minusing the warrants which I sold on day 1.... Loss = RM125 per lot. :-(
Haha55..we all got d same experience..the only thing dat really can move up well,is news of 800million EDL is done..but we all know the gov is likely to pay
There a time when i really looking foward for this counter..i dont feel to average my buying units,maybe its time for me to cut loss half of my holding units to better shares
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tigerroar
542 posts
Posted by tigerroar > 2013-10-21 23:01 | Report Abuse
Attractive price