AmInvestment Research upgraded its recommendation to Buy from Hold with a higher fair value of RM8.70 a share (from an earlier RM6.65), due to its higher earnings expectations and the removal of a 20% holding company discount to its higher sum-of-parts given its significantly improving job prospects.
KUALA LUMPUR: Shares of MISC rallied on Thursday after analysts turned more upbeat on the prospects of winning a few sizeable offshore jobs in the near term.
At 11.29am, MISC was up 18 sen to RM7.34 with 1.34 million shares done.
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