Stock Name: NAIM
Company Name: NAIM HOLDINGS BHD
Research House: AMMB
Company Name: NAIM HOLDINGS BHD
Research House: AMMB
AMRESEARCH Sdn Bhd has maintained its "Buy" recommendation on Naim Holdings Bhd, with unchanged RM5.09 fair value per share, as it views Permodalan Nasional Behad's (PNB) acquisition of 12.5 million shares as representing a five per cent stake in Naim.
PNB bought the shares from Naim's Chief Executive Officer Datuk Hasmi Hassan for RM3.40 per share.
"We view this development positively as a greater institutionalisation of Naim's shareholding structure would help promote a greater share price discovery for the stock apart from strengthening its shareholding base," it said in a research note today.
Besides PNB, Naim's other major institutional shareholders are Employees Provident Fund (EPF) and Pilgrims' Fund Board (Tabung Haji).
Given its entrenched position as one of Sarawak's leading contractors, the research firm believes Naim should be in a strong position to bid for supporting infrastructure works, including access roads leading to the proposed dams under Sarawak's SCORE (Sarawak Corridor of Renewable Energy).
"This is on top of additional work packages that the group is trying to crystallise under Kuching Flood Mitigation Scheme," added AmResearch. - BERNAMA
PNB bought the shares from Naim's Chief Executive Officer Datuk Hasmi Hassan for RM3.40 per share.
"We view this development positively as a greater institutionalisation of Naim's shareholding structure would help promote a greater share price discovery for the stock apart from strengthening its shareholding base," it said in a research note today.
Besides PNB, Naim's other major institutional shareholders are Employees Provident Fund (EPF) and Pilgrims' Fund Board (Tabung Haji).
Given its entrenched position as one of Sarawak's leading contractors, the research firm believes Naim should be in a strong position to bid for supporting infrastructure works, including access roads leading to the proposed dams under Sarawak's SCORE (Sarawak Corridor of Renewable Energy).
"This is on top of additional work packages that the group is trying to crystallise under Kuching Flood Mitigation Scheme," added AmResearch. - BERNAMA
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