KUALA LUMPUR: CIMB Equities Research is keeping Muhibbah Engineering as its preferred pick in the mid cap space, offering the biggest exposure to the oil & gas infra segment.
It said on Wednesday the RM100mil contract win for the Lemongrass project in Kuantan strengthens Muhibbah’s presence in the domestic steel fabrication space related to Petronas's projects, in our view.
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