Malaysia Marine and Heavy Engineering Holdings RM6.00: Buy

Date: 
2011-11-18
Firm: 
MAYBANK
Stock: 
MHB
Price Target: 
8.00
Price Call: 
BUY
Last Price: 
0.375
Upside/Downside: 
+7.625 (2033.33%)
On track  Shariah-compliant
 
No surprises. 1HFY11 results broadly tracked expectation. Wecontinue to see MMHE as a direct proxy to PETRONAS' majordomestic capex programme. Orderbook momentum is poised to bestrong over the next 3 years as the high-impact deepwater, floatingsolutions and RAPID projects come into play. Maintain Buy with aRM8.00 target price, based on 20x 2013 EPS.

Maybank research (18 November 2011)

Click here for full report ''
Discussions
Be the first to like this. Showing 2 of 2 comments

yap_lee

tp 8:00 or 6,00?
confusing?

2011-11-18 14:55

traderhub

TP should be RM8 based on the detail report.

2011-11-18 15:33

Post a Comment