KUALA LUMPUR: AmResearch is maintaining its Buy recommendation for KKB Engineering, with an unchanged fair value of RM2.05 a share, which is a 5% discount to its sum—of-parts of RM2.15 a share.
“Its long-term prospects remain intact by virtual of its associate Oceanmight’s O&G fabrication potential in Sarawak, its dominant position in the structural steel engineering sector, and healthy balance sheet,” said the research house on Friday.
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