AmInvest Research said the weak currency and cheaper port charges will also become a strength for the port operator as shipping lines are seeking ways to rationalise their cost structures amidst a tough operating environment.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy recommendation on MMC Corporation (MMC).
It had on Monday raised its FY20–21Fnet profit forecasts by 1% each but maintained its fair value of RM1.58 based on “sum of parts” (SOP), valuing its seaport business at 18 times forward earnings (vs. 23 times for peer Westports).
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