Stock Name: MBMR
Company Name: MBM RESOURCES BHD
MBM Resources; Buy; RM4.56
Price Target: RM6.10 (Prev: RM3.65); MBM MK
FY12/FY13F net profit raised by 6%/14% after including contributions from Hirotako and OMI's alloy wheel manufacturing unit. May set up own manufacturing plant. Shareholders advised to subscribe rights issue ' a cheaper entry to a stable, growth stock. Maintain Buy; raised TP to RM6.10 TP after upgrading target valuation.
Source: HwangDBS Research 27 March 2012
Company Name: MBM RESOURCES BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 6.10 |
MBM Resources; Buy; RM4.56
Price Target: RM6.10 (Prev: RM3.65); MBM MK
FY12/FY13F net profit raised by 6%/14% after including contributions from Hirotako and OMI's alloy wheel manufacturing unit. May set up own manufacturing plant. Shareholders advised to subscribe rights issue ' a cheaper entry to a stable, growth stock. Maintain Buy; raised TP to RM6.10 TP after upgrading target valuation.
Source: HwangDBS Research 27 March 2012
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