MMC Corp
KENANGA Research has a “buy” rating on MMC Corp and has set a target price of RM4.70. “MMC has significant upside as our target price does not include any forecast of the US$30bil Jazan City in Saudi Arabia,” it said, adding that several more projects were in the pipeline like the Aeropolis near Senai Airport, which is expected to be spearheaded by a company linked to Tan Sri Syed Mokhtar Al-Bukhary.
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