Bursa Alert
Global Market
NewsMIDF Research downgrades MRCB to Neutral, target price RM1.64
Page 1 of 1
MIDF Research downgrades MRCB to Neutral, target price RM1.64
by Cals Tue 27 Aug 2013, 11:00
MIDF Research downgrades MRCB to Neutral, target price RM1.64
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 27 August 2013 09:41
KUALA LUMPUR (Aug 27): MIDF Research has downgraded MALAYSIAN RESOURCES CORP []oration Bhd (MRCB) to a Neutral at RM1.49 with a revised target price of RM1.64 and said MRCB’s 1H13 results did not keep pace with expectation as its net profit and turnover made up only 9.5% and 24.2% of MIDF Research’s full year forecast.
In a note Tuesday, the research house said this was due to lower contribution from MRCB’s CONSTRUCTION [] and infrastructure/environmental division.
“We revise our forecast FY13 revenue to RM833 million due to poor progress billing and construction works as well as losses from the infrastructure division.
“We downgrade our recommendation to Neutral with a revised target price of RM1.64 per share,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 27 August 2013 09:41
KUALA LUMPUR (Aug 27): MIDF Research has downgraded MALAYSIAN RESOURCES CORP []oration Bhd (MRCB) to a Neutral at RM1.49 with a revised target price of RM1.64 and said MRCB’s 1H13 results did not keep pace with expectation as its net profit and turnover made up only 9.5% and 24.2% of MIDF Research’s full year forecast.
In a note Tuesday, the research house said this was due to lower contribution from MRCB’s CONSTRUCTION [] and infrastructure/environmental division.
“We revise our forecast FY13 revenue to RM833 million due to poor progress billing and construction works as well as losses from the infrastructure division.
“We downgrade our recommendation to Neutral with a revised target price of RM1.64 per share,” it said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» MIDF Research downgrades Nestlé to Neutral, target price RM67.96
» MIDF Research downgrades UEM Land to Trading Buy, but ups target price
» MIDF Research maintains Neutral on F&N, target price RM17.52
» MIDF Research maintains Neutral on MBSB, target price RM2.50
» MIDF Research downgrades Unisem to Sell, slashes target price
» MIDF Research downgrades UEM Land to Trading Buy, but ups target price
» MIDF Research maintains Neutral on F&N, target price RM17.52
» MIDF Research maintains Neutral on MBSB, target price RM2.50
» MIDF Research downgrades Unisem to Sell, slashes target price
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum