Hwang DBS Vickers Research says MALAYSIAN RESOURCES CORP [] Bhd (MRCB) remains on its high conviction list.
It said on Friday, July 9 that it expects MRCB to be appointed master developer of Rubber Research Institute Malaysia land together with a CONSTRUCTION [] and developer role to transform the fortunes of the company considerably.
“Another potential catalyst which could surprise is the surge in construction flows where we have only imputed a conservative RM320m in new order wins. Reiterate BUY with SOTP-derived TP of RM2.25,” it said.
Written by Hwang DBS Vickers Research
The Edge Malaysia
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