<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 12): AmInvestment Bank Bhd Research has initiated coverage on Crest Builder Holdings Bhd (CBHB) at 78 sen with a fair value of RM1.83 and said it expects the company to register core net earnings of RM20 million, RM21.8 million and RM28.1 million for FY20, FY21 and FY22.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said CBHB’s income is mainly derived from 4 segments: (i) construction; (ii) property development; (iii) property investment &amp; management; and (iv) concession arrangement.</p></div>

<div class=newsTextDataWrapInner><p>“We believe the CBHB’s medium-term outlook is positive, anchored by several construction wins in the past few months while the upcoming launches will be one of its major earnings contributors beyond FY21.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“CBHB also has stable income from a concession arrangement,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Moreover, AmInvestment said the value of CBHB’s investment properties deserves more attention.</p></div>

<div class=newsTextDataWrapInner><p>“The stock is currently trading at an undemanding forward PER of 4.6x–6.4x for FY20–FY22.</p></div>

<div class=newsTextDataWrapInner><p>“This offers a potential upside of more than 100% and a dividend yield of 4.5%,”it said.</p></div>


KUALA LUMPUR (March 12): AmInvestment Bank Bhd Research has initiated coverage on Crest Builder Holdings Bhd (CBHB) at 78 sen with a fair value of RM1.83 and said it expects the company to register core net earnings of RM20 million, RM21.8 million and RM28.1 million for FY20, FY21 and FY22.
...

AmInvestment starts coverage on Crest Builder, fair value RM1.83

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