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Possible sale of MBMR's alloy wheel unit may boost earnings


KUALA LUMPUR: A disposal of MBM Resources Bhd 's loss-making allot wheel manufacturing business would help boost the group's earnings, says Kenanga research.

"For illustrative purposes, post-disposal, minus the plant losses, this will boost our FY19E NP by 16%, and in turn raise our TP to RM3.40 (from the current RM2.90)," said Kenanga.

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