Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Research House: HWANGDBS
HwangDBS has reiterated its "buy" call on MRCB with a target price of RM2.25.
The research firm says MRCB remains on "our high conviction list as we expect its appointment as master developer of RRIM land together with a construction and developer role to transform the fortunes of the company considerably".
Another potential catalyst, HwangDBS says, is the surge in construction flows where its has only imputed a conservative RM320 million in new order wins for MRCB.
Company Name: MALAYSIAN RESOURCES CORP
Research House: HWANGDBS
HwangDBS has reiterated its "buy" call on MRCB with a target price of RM2.25.
The research firm says MRCB remains on "our high conviction list as we expect its appointment as master developer of RRIM land together with a construction and developer role to transform the fortunes of the company considerably".
Another potential catalyst, HwangDBS says, is the surge in construction flows where its has only imputed a conservative RM320 million in new order wins for MRCB.
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