THIS counter was the day's top gainer Wednesday, closing 20 sen higher at RM21.10 with 1,799 lots traded. AmResearch said the group's earnings growth this year would likely be driven by its Asian expansion especially to China, margin recovery in Europe and lower interest expenses. The research house has a target price of 26.10 for the stock this year.
MRCB eased four sen to close at RM1.01 Wednesday on volume of 7,432 lots. OSK Research said it was not in favour of the group's proposed acquisition of a 24.9% stake in Uda Holdings Bhd via Landas Utama Sdn Bhd for RM88mil cash, particularly when MRCB was in the midst of a major restructuring exercise and was saddled with RM1.1bil in debts.