(OSK) Muhibbah may climb further after the strong move yesterday. Purchase can be made if the stock closes above MYR1.50, with a close below MYR1.40 as a stop-loss. Price target is MYR1.75, if the recent high of MYR1.60 is broken. Failure to get above MYR1.50, however, could leave the stock trading sideways and it could slide further if the stop-loss is triggered.
Muhibbah Engineering, Buy; RM1.50 (HuangDBS)
Price Target : RM2.15; MUHI MK
Cheaper proxy to Favco
Cheap proxy to Favelle Favco with exposure to other growing segments. RAPID projects and Myanmar
airports biddings still key catalysts. Attractive valuation with 4-6x FY13-15 PE. Maintain BUY with RM2.15 TP (SOP valuation)
No comments:
Post a Comment