RHB Research maintains Buy on Maybulk, lower fair value


KUALA LUMPUR: RHB Research has maintained its Buy call on Malaysian Bulk Carriers (Maybulk) with a fair value of RM2.17, down from the previous RM2.48 and lowered its FY14/FY15 estimates by 22%/6% respectively.

In a note on Monday, the research house said it has now assumed a 15% charter rate growth in FY14 and 25% in FY15.

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