KUALA LUMPUR: Kenanga research maintained its outperform call on Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) with an unchanged target price of RM1.05 following the release of improved earnings in 1H19.
Moving forward, the research house is expecting a stronger 2H for MMHE with further increment in dry-docking activities given the imminent implementation of IMO2020 and possible profit recognition from Bokor CPP.
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