Malaysia Marine and Heavy Engineering Holdings RM6.00: Buy
Date:
2011-11-18
Firm:
MAYBANK
Stock:
Price Target:
8.00
Price Call:
BUY
Last Price:
0.42
Upside/Downside:
+7.58 (1804.76%)
On track Shariah-compliant
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
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CS Tan
4.9 / 5.0
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....
yap_lee
tp 8:00 or 6,00?
confusing?
2011-11-18 14:55