Bursa Alert
Global Market
NewsKenanga cuts MMHE target price
Page 1 of 1
Kenanga cuts MMHE target price
by hlk Thu 29 Mar 2012, 19:58
Kenanga Research revises its target price on Malaysia Marine and Heavy Engineering Holdings (MMHE) down to RM4.04 per share from RM4.53, citing a poor execution track record.
“We remain cautious on the company until it can roll out key contracts on time and gain full access to its Sime Darby fabrication yard,” the broker said in a research note on Thursday.
Maintaining its "underperform" call on the heavy engineering unit of Malaysia’s state oil firm Petronas, Kenanga said it would revisit the stock when MMHE is able to address its project execution issues.
By 0134 GMT, MMHE shares rose 0.37 percent, outperforming the Malaysia benchmark index, which dropped 0.03 percent. -- Reuters
“We remain cautious on the company until it can roll out key contracts on time and gain full access to its Sime Darby fabrication yard,” the broker said in a research note on Thursday.
Maintaining its "underperform" call on the heavy engineering unit of Malaysia’s state oil firm Petronas, Kenanga said it would revisit the stock when MMHE is able to address its project execution issues.
By 0134 GMT, MMHE shares rose 0.37 percent, outperforming the Malaysia benchmark index, which dropped 0.03 percent. -- Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Kenanga cuts Mah Sing target price
» Kenanga Research downgrades Cocoaland to Trading Sell, cuts target price
» Kenanga IB maintains Market Perform on Asia Brands, cuts target price to RM3.44
» HwangDBS maintains MMHE target price
» MMHE advances after AmResearch raises target price
» Kenanga Research downgrades Cocoaland to Trading Sell, cuts target price
» Kenanga IB maintains Market Perform on Asia Brands, cuts target price to RM3.44
» HwangDBS maintains MMHE target price
» MMHE advances after AmResearch raises target price
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|