KUALA LUMPUR: Affin Research has maintained its Trading Buy on Benalec
(BHB) with a target price of RM1.98, both of which are hinged on BHB being given the go-ahead to commence the massive land reclamation concessions inTanjung Piai and Pengerang.
In a note on Monday, Affin said BHB has proposed the issuance of up to RM200mil nominalvalue of 7-year Redeemable Convertible Secured Bonds (RCSB).
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