January 28, 2011

MHB - Malaysia Marine rated 'outperform'

Stock Name: MHB
Company Name: MALAYSIA MARINE AND HEAVY ENG
Research House: CREDIT SUISSE

Malaysia Marine & Heavy Engineering Bhd, the rig-building arm of MISC Bhd, was rated new "outperform" at Credit Suisse Group AG with a share estimate of RM7.15.

The company will benefit from high oil prices, which spurs demand for engineering and construction services, Annuar Aziz, an analyst at Credit Suisse, said in a report today. -- Bloomberg

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