Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
KUALA LUMPUR: OSK Research is maintaining its Trading Buy on MALAYSIAN RESOURCES CORP []oration Bhd (MRCB) but raised its fair value from RM2.58 to RM3.13 after making major adjustments to its sum-of-part revised net asset value (RNAV) valuation.
It said on Tuesday, Aug 2 its recent meeting with MRCB's management reinforced its positive view on the company's bright earnings prospects and positive news flow.
'While we maintain our FY11 numbers, we have raised our revenue and earnings forecasts for FY12 by 10% and 14% respectively after taking into account higher property development revenue,' it said.
Company Name: MALAYSIAN RESOURCES CORP
| Research House: OSK | Price Call: BUY | Target Price: 3.13 |
KUALA LUMPUR: OSK Research is maintaining its Trading Buy on MALAYSIAN RESOURCES CORP []oration Bhd (MRCB) but raised its fair value from RM2.58 to RM3.13 after making major adjustments to its sum-of-part revised net asset value (RNAV) valuation.
It said on Tuesday, Aug 2 its recent meeting with MRCB's management reinforced its positive view on the company's bright earnings prospects and positive news flow.
'While we maintain our FY11 numbers, we have raised our revenue and earnings forecasts for FY12 by 10% and 14% respectively after taking into account higher property development revenue,' it said.
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