MBM, which owns a 22.6% stake in national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua), is expected to post lower contributions from associates and weaker top-line growth.
PETALING JAYA: Affin Hwang Capital Research has downgraded MBM Resources Bhd
to “hold” and slashed the target price by one-third to RM3.60 as it turns cautious on the company’s near-term prospects.
MBM, which owns a 22.6% stake in national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua), is expected to post lower contributions from associates and weaker top-line growth.
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