KUALA LUMPUR: CIMB Equities Research has initiated coverage of TH Heavy Engineering with an Add call and target price of RM1.20, which is an upside of 47.5% above the last traded price of 82 sen.
It said on Monday THHE’s growing order book and successful floating production, storage and offloading (FPSO) and transport and installation (T&I) ventures are the potential re-rating catalysts.
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