AmInvestment maintains 'buy' on MBMR, FV of RM5.54 on met FY19 expectations

KUALA LUMPUR: AmInvestment Bank research has kept its buy call on MBM Resources Bhd and fair value of RM5.54 following an FY19 earnings announcement that met expectations.

According to the research house, the group's core net profit of RM188.9mil was 3% higher year-on-year (y-o-y) and came to 97% and 93% of its and consensus estimates respectively.