Analysts expect further re-rating of MMC with more jobs won


  • Business
  • Thursday, 07 Aug 2003

ANALYSTS expect further re-rating of Malaysia Mining Corp Bhd (MMC) as more projects are awarded. 

Mayban Securities has put the fair value of MMC at RM3.18 based on a 30% premium of the group's revised net asset value (RNAV) of RM2.44 per share. It said the 30% premium was justified, given the strong shareholders of MMC. 

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