Stock Name: MHB
Company Name: MALAYSIA MARINE AND HEAVY ENG
Weakness ahead? MMHE's upcoming 3QFY11 results could miss our and consensus expectations, and there could be a knee-jerk reaction on its share price. While order visibility for 2012 is strong, it is unlikely to attract much interest vis-a-vis Kencana, for its ability to grow and capture new orders will be constrained by bottlenecks at its site. For this reason, MMHE remains a Hold with a RM5.70 TP (20x 2013 EPS).
Maybank Research 17 Feb 2012
Click here for full report
Company Name: MALAYSIA MARINE AND HEAVY ENG
| Research House: MAYBANK | Price Call: HOLD | Target Price: 5.70 |
Weakness ahead? MMHE's upcoming 3QFY11 results could miss our and consensus expectations, and there could be a knee-jerk reaction on its share price. While order visibility for 2012 is strong, it is unlikely to attract much interest vis-a-vis Kencana, for its ability to grow and capture new orders will be constrained by bottlenecks at its site. For this reason, MMHE remains a Hold with a RM5.70 TP (20x 2013 EPS).
Maybank Research 17 Feb 2012
Click here for full report
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