Stock Name: MHB
Company Name: MALAYSIA MARINE AND HEAVY ENG
On track Shariah-compliant
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
Company Name: MALAYSIA MARINE AND HEAVY ENG
| Research House: MAYBANK | Price Call: BUY | Target Price: 6.00 |
On track Shariah-compliant
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.
Maybank research (18 November 2011)
Click here for full report ''
No comments:
Post a Comment