KUALA LUMPUR: RHB Research has reiterated its "buy" call on MGB Bhd
on the back of construction group's second FY20 contract win from LBS Bina Group Bhd valued at RM215mil.
The research house raised FY20-22 forecast net earnings by 3% to 5% after increasing its replenishment assumptions for FY20. Its target price was increased to 58 sen from 56 sen previously.
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