PETALING JAYA: MIDF Research is maintaining its earnings estimates for Malaysian Resources Corp Bhd (MRCB) as the recently announced joint venture (JV) for Hospital Putra and the Ipoh Sentral Transit-Oriented Development (TOD) project are within its expectations and aligned with MRCB’s replenishment strategy.
The research house also noted that MRCB’s announcement of two transformative projects in quick succession, the RM6.26bil Ipoh Sentral TOD and the RM520mil Hospital Putra development, highlighted the company’s robust project acquisition momentum.
