MRCB up, OSK rates stock as trading buy

OSK Research said MRCB, despite its weak FY08 results and expensive valuation compared with its peers, investors with a high risk appetite may consider MRCB as a high beta play on a potential recovery in the equity market in 2H09.
"The possibility of positive news flow from the upcoming mini-budget (on March 10) may provide some upside catalysts for the share price.
MRCB's outstanding orderbook of RM1.8 billion will keep it busy until FY11. Of the total orderbook, more than 77% is from the engineering and construction segment, 11% from power transmission lines and the remainder from the environment segment.