KUALA LUMPUR: RHB Research has maintained its Buy call on MRCB with a fair value of RM2.05 after ots proposed 70% subscription into Kwasa Development for RM816.6mil to undertake the development of Project MX-1.
In a note on Friday, the research house said the mixed development project is expected to have a GDV of RM8bil and development will be spread over 12 years.
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