HwangDBS Research Maintain BUY for Muhibbah with higher RM2.80 TP http://klse.i3investor.com/blogs/hwangdbs/32279.jsp. Muhibbah is also bidding for the Burma airport management like what they are doing now in Cambodia. This will be a very good recurring imcome for muhibbah.
Muhibbah Engineering, Buy; RM1.57 Price Target : RM2.80; MUHI MK Petronas lincense, a major milestone
Awarded Petronas license. Shipyard’s valuation should command a premium. Maintain BUY with higher RM2.80 TP; valuation remains cheap at FY14/15F at 6/5x.
if I am not mistaken, Muhibbah's EPS is 0.20. Obviously HWANGDBS uses PER of 14 for Muhibbah, Thus 14 X 20 = TP 2.80. This is convervative. Other reseach houses use PER of 22 for SapuraKencana Petroleum http://klse.i3investor.com/blogs/kenangaresearch/32286.jsp So if PER of 22 is used for Muhibbah, its rerated TP will be 20 X 22 = RM 4.40 !
its always positive for the price action to churn ard these levels first..even retreat..for the weak sellers to take profit n fresh buyers to emerge..this period cud be few sessions..to build momentum n support for next upleg..my dua sen only..
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NEW YORK Stock indexes rose 1 % on Monday, building on the strongest first half of any year since 1998 as concerns continued to ease that the Federal Reserve would soon tighten its stimulus program..
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ykinvestor
586 posts
Posted by ykinvestor > 2013-06-28 10:04 | Report Abuse
it seems it can break 1.70 before 11 am ?