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 Corp Bhd.
The research unit has raised its forecast net profit for financial year 2020-2021 (FY20–FY21) by 1% respectively but maintained its fair value of RM1.58 based on “sum of parts”, valuing the group’s seaport business at 18 times forward earnings versus 23 times for its peer, Westport Holdings Bhd.
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