MRCB - 4Q anchored by property

Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP

Research House: HWANGDBS

Price Call: BUY

Target Price: 3.10

Result Snapshot
Malaysian Resources Corp; Buy; RM2.24
Price target: RM3.10; MRC MK

Making amends in 4Q ' earnings driven by property. Next key catalysts ' RRIM auction and MRT awards. Maintain Buy call and SOP-derived RM3.10 TP.

Source: HwangDBS Equity Research 9 Feb 2012