MMHE faces risk of lower order book replenishment

KUALA LUMPUR: It may be time for investors to lock in their gains following the 32% surge in the share price of Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) over the past one month.

Affin Hwang Capital research downgraded the stock to a hold on valuation grounds as its market capitalisation has since risen above its net cash value, although net cash still makes up 75% of the market cap. The research house kept its target price of 45 sen on the stock.