KUALA LUMPUR: RHB Research has maintained its Buy call on Kimlun with a lower target price of RM2.36 from RM2.61 as RHB likes Kimlun for its involvement in the production of SBG and TLS for the MRT project, making it a “must-own” stock along the value chain of this mega public infrastructure initiative.
In a note on Friday, RHB said Kimlun remains cautious on its financial year 2013 earnings outlook but expects a stronger 2014 as some of the current headwinds gradually subside.
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