KUALA LUMPUR: RHB Research has maintained its Buy call on Ahmad Zaki with a fair value of 96 sen, adding that the group is a good small-cap proxy to public infrastructure spending given its involvement in the construction of the Klang Valley MRT project and various government facilities.
In a note on Wednesday, its current outstanding construction orderbook of MRM2.1bil may increase by RM1.55bil to RM3.6bil when the RM1.55bil East Klang Valley Expressway (EKVE) hits the ground over the immediate term.
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