CIMB Research raises Muhibbah Engineering target price

KUALA LUMPUR: CIMB Equities Research has raised its realised net asset value (RNAV) target price to RM3.89, which is still a 20% discount, as it rolls over its valuations. 

“Maintain Add. The stock has dropped 17% from its peak in July 2014 due to the global sell-down, which is a buying opportunity. Muhibbah is still our preferred mid-cap pick. Job wins are potential catalysts,” it said.