KUALA LUMPUR: CIMB Equities Research has initiated coverage of TH Heavy Engineering with an Add call and target price of RM1.20, which is an upside of 47.5% above the last traded price of 82 sen.
It said on Monday THHE’s growing order book and successful floating production, storage and offloading (FPSO) and transport and installation (T&I) ventures are the potential re-rating catalysts.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
