KUALA LUMPUR: CIMB Equities Research has raised the target price for Malaysian Resources Corp Bhd (MRCB) from RM2 to RM2.08 which is 23.8% above its last traded price of RM1.68.
It said on Monday MRCB's annualised 1H14 core net profit was 16% above its full-year forecast and 11% above consensus but deems it broadly in line as it expects 2H14 to be weaker.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
