Stock Name: MPHB
Company Name: MULTI-PURPOSE HOLDINGS BHD
Public Investment Bank started financial services-to-gaming conglomerate Multi-Purpose Holdings Bhd (MPHB) with an 'outperform' call and target price of RM3.79 per share, citing attractive value after the demerger of the firm's gaming and non-gaming businesses.
"Growth opportunities may be found in MPHB Capital, and shareholders of MPHB may well benefit from the value unlocked on both sides post demerger," Public Investment said on Friday.
The research house said growth plans for MPHB's insurance arm include a partnership with budget carrier AirAsia Bhd for travel insurance, customised policies for corporations and tie-ups with golf courses.
"While competition may be stiff we believe Multi-Purpose Insurans Bhd (MPIB) is able to benefit from niche markets," the research house added.
Shares in MPHB rose 0.6 per cent while the Malaysian benchmark stock index also rose 0.6 per cent. - Reuters
Company Name: MULTI-PURPOSE HOLDINGS BHD
| Research House: PUBLIC BANK | Price Call: BUY | Target Price: 3.79 |
Public Investment Bank started financial services-to-gaming conglomerate Multi-Purpose Holdings Bhd (MPHB) with an 'outperform' call and target price of RM3.79 per share, citing attractive value after the demerger of the firm's gaming and non-gaming businesses.
"Growth opportunities may be found in MPHB Capital, and shareholders of MPHB may well benefit from the value unlocked on both sides post demerger," Public Investment said on Friday.
The research house said growth plans for MPHB's insurance arm include a partnership with budget carrier AirAsia Bhd for travel insurance, customised policies for corporations and tie-ups with golf courses.
"While competition may be stiff we believe Multi-Purpose Insurans Bhd (MPIB) is able to benefit from niche markets," the research house added.
Shares in MPHB rose 0.6 per cent while the Malaysian benchmark stock index also rose 0.6 per cent. - Reuters
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