Stock Name: MMCCORP
Company Name: MMC CORPORATION BHD
Market Focus - Selective opportunities
Upgraded earnings by 3% (2012) and 2% (2013); positive surprises outweighed disappointments. Liquidity may provide near-term support for markets but we foresee limited upside for index with our year-end KLCI target of 1,590. We like stocks with specific catalysts, bottom-up picks, and selected defensive names. Key picks: Maybank, Gamuda, Alliance Financial Group, WCT.
MMC Corp; Buy; RM2.74
Price Target: RM3.70; MMC MK
On steady ground
Iskandar proxy ' realising land values. Malakoff listing post Gas Malaysia? Buy, TP of RM3.70 based on 20% discount to SOP.
Source: HwangDBS Research 2 March 2012
Company Name: MMC CORPORATION BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 3.70 |
Market Focus - Selective opportunities
Upgraded earnings by 3% (2012) and 2% (2013); positive surprises outweighed disappointments. Liquidity may provide near-term support for markets but we foresee limited upside for index with our year-end KLCI target of 1,590. We like stocks with specific catalysts, bottom-up picks, and selected defensive names. Key picks: Maybank, Gamuda, Alliance Financial Group, WCT.
MMC Corp; Buy; RM2.74
Price Target: RM3.70; MMC MK
On steady ground
Iskandar proxy ' realising land values. Malakoff listing post Gas Malaysia? Buy, TP of RM3.70 based on 20% discount to SOP.
Source: HwangDBS Research 2 March 2012
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