Stock Name: MUHIBAH
Company Name: MUHIBBAH ENGINEERING (M) BHD
Company Name: MUHIBBAH ENGINEERING (M) BHD
| Research House: CIMB | Price Call: BUY | Target Price: 1.60 |
Target RM1.60
Muhibbah's FY11 core earnings missed expectations despite surging 86%. But the earnings miss is not a worry as new jobs secured should drive construction EBIT margin higher in FY12 while cranes, shipyard and concessions stay the key drivers.
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