PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) strong second quarter financial performance and tender bids are leading analysts to revise their outlook for the company.
Kenanga Research raised its financial year 2024 (FY24) earnings forecast for MRCB by 36% after it posted a core net profit of RM54.2mil for the first half of FY24 (1H24), which came in at 88% of Kenanga’s full-year forecast.
