AllianceDBS Research sees more upside for Kimlun

KUALA LUMPUR: AllianceDBS Research is upbeat about laggard construction proxy Kimlun Corporation whose share price has been flat year-to-date.

It said on Friday this is in spite of its improving earnings delivery (1Q15 core net profit up 62% on-year) and better industry dynamics where it is a strong proxy to MRT Line 2.