KUALA LUMPUR: RHB Investment Bank Research has upgraded MGB Bhd to a "buy" call on renewed optimism over robust construction contract flows and a strong Rumah Idaman project launch pipeline.
The research house said it raised FY20 to FY22 forecast earnings by 4%, 26% and 48% respectively, after factoring in a larger contract replenishment assumption and more Rumah Idaman projects.
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