KUALA LUMPUR: AmInvesment Bank Research has maintained its “buy” call on Malaysian Resources Corp Bhd (MRCB) but raised its fair value to RM1.89.
“We make no changes to our FY17-19F forecasts, but we increase our fair value to RM1.89 as we lower our discount to its RNAV to 10% (from 20%) as we believe the stock is ripe for further re-rating due to expected positive news flows in the upcoming months. Maintain buy,” AmInvestment said.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!