KUALA LUMPUR: CIMB Equities Research has raised its realised net asset value (RNAV) target price to RM3.89, which is still a 20% discount, as it rolls over its valuations.
“Maintain Add. The stock has dropped 17% from its peak in July 2014 due to the global sell-down, which is a buying opportunity. Muhibbah is still our preferred mid-cap pick. Job wins are potential catalysts,” it said.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!