AmResearch keeps Buy call on Kimlun, FV RM2.52

KUALA LUMPUR: AmResearch is maintaining its Buy call on Kimlun Corporation with a fair value of RM2.52, which is 69 sen or 37.7% above Tuesday’s closing price of RM1.83 as it remains upbeat on the company securing more construction jobs.

It said on Thursday Kimlun ended 2013 with a RM115.4mil job from Country View Bhd to build apartments in Johor Bahru. Construction is expected to be completed by December 2015.