Stock Name: MUDAJYA
Company Name: MUDAJAYA GROUP BHD
The appointment of Datuk Yusli Mohamed Yusoff as an independent, non-executive director should reinforce Mudajaya Bhd's credibility and assure investors that there are no suspicious dealings going on in the company.
OSK Research, in a note today, said it viewed the appointment positively.
It said Mudajaya's share price has been unjustifiably punished since the "poison pen" saga in July last year, despite the issue being resolved with no charges being pressed.
OSK said Mudajaya remained its top sector pick, with a strong possibility of an upwards earnings revision.
It maintained its 'buy' call on the stock with a fair value of RM5.48. -- Bernama
Company Name: MUDAJAYA GROUP BHD
| Research House: OSK | Price Call: BUY | Target Price: 5.48 |
The appointment of Datuk Yusli Mohamed Yusoff as an independent, non-executive director should reinforce Mudajaya Bhd's credibility and assure investors that there are no suspicious dealings going on in the company.
OSK Research, in a note today, said it viewed the appointment positively.
It said Mudajaya's share price has been unjustifiably punished since the "poison pen" saga in July last year, despite the issue being resolved with no charges being pressed.
OSK said Mudajaya remained its top sector pick, with a strong possibility of an upwards earnings revision.
It maintained its 'buy' call on the stock with a fair value of RM5.48. -- Bernama
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