Stock Name: MUDAJYA
Company Name: MUDAJAYA GROUP BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its BUY rating on Mudajaya and target price of RM7.44 based on a 20% discount to its Sum of Parts (SOP) valuation.
It said on Wednesday, March 9 the immediate term catalyst would be the award of the RM5bn Janamanjung EPCC, in which it expected the company to participate in the civil portion potentially worth RM800 million to RM1 billion.
'Mudajaya remains as one of our top sector picks,' it said.
Mudajaya has proposed a corporate exercise involving a bonus issue of up to 137.08 million new shares and the setting up of an employees' share option scheme (ESOS).
The bonus issue would on the basis of one bonus share for every three shares held.
Company Name: MUDAJAYA GROUP BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its BUY rating on Mudajaya and target price of RM7.44 based on a 20% discount to its Sum of Parts (SOP) valuation.
It said on Wednesday, March 9 the immediate term catalyst would be the award of the RM5bn Janamanjung EPCC, in which it expected the company to participate in the civil portion potentially worth RM800 million to RM1 billion.
'Mudajaya remains as one of our top sector picks,' it said.
Mudajaya has proposed a corporate exercise involving a bonus issue of up to 137.08 million new shares and the setting up of an employees' share option scheme (ESOS).
The bonus issue would on the basis of one bonus share for every three shares held.
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