AmResearch has reiterated its Buy call on MRCB with a fair value of RM2.22 a share.
Yesterday, MRCB announced that it had won three construction jobs worth a combined RM485mil in Desaru Coast, Johor from Destination Resorts and Hotel (DRH).
"We make no changes to our earnings forecast, as the latest award forms part of our new orderbook assumptions for FY15F," it said in a note on Thursday.
It said that MRCB’s prospects are perking up moving into 2H15.
Earlier this week, the local press reported that the MRCB-George Kent JV is among three outfits that are shortlisted for the Project Delivery Partner (PDP) role for the RM9bil Klang Valley LRT 3 line (LRT 3).
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Yesterday, MRCB announced that it had won three construction jobs worth a combined RM485mil in Desaru Coast, Johor from Destination Resorts and Hotel (DRH).
"We make no changes to our earnings forecast, as the latest award forms part of our new orderbook assumptions for FY15F," it said in a note on Thursday.
It said that MRCB’s prospects are perking up moving into 2H15.
Earlier this week, the local press reported that the MRCB-George Kent JV is among three outfits that are shortlisted for the Project Delivery Partner (PDP) role for the RM9bil Klang Valley LRT 3 line (LRT 3).
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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