<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 29): Hong Leong IB Research has upgraded Kimlun Corp Bhd to “Buy” at RM2.18 with a higher target price (TP) of RM2.70 (from RM2.30) and said the timing gap for manufacturing to narrow by 4Q17 once production for MRT2 ramps up.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said Kimlun’s year-to-date job wins strong at RM970 million, surpassing initial guidance of RM600 million -RM700 million.</p></div>

<div class=newsTextDataWrapInner><p>It said Kimlun’s orderbook was at a high of RM2.3 billion implying 2.5x cover on FY16 revenue.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>HLIB Research said Kimlun was no longer in running for LRT3 viaduct package but will try to participate via manufacturing (precast products).</p></div>

<div class=newsTextDataWrapInner><p>“Eyeing on mega rail projects (ECRL and HSR) as well as RM500 million in affordable housing jobs.</p></div>

<div class=newsTextDataWrapInner><p>“No change to forecast but potential for an earnings recovery in FY18 is now clearer with strong job wins and a record orderbook.</p></div>

<div class=newsTextDataWrapInner><p>“Upgrade to Buy, TP raised from RM2.30 to RM2.70 after rolling over from mid to end-FY18 and higher P/E target from 10x to 11x (mean),” it said.</p></div>


KUALA LUMPUR (Sept 29): Hong Leong IB Research has upgraded Kimlun Corp Bhd to “Buy” at RM2.18 with a higher target price (TP) of RM2.70 (from RM2.30) and said the timing gap for manufacturing to narrow by 4Q17 once production for MRT2 ramps up.

In a note today, the research house said ...

HLIB Research upgrades Kimlun, raises target price to RM2.70

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Apa...

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<p>KUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday.</p>

<p>Apa...

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<p>The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.</p>


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<p>Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.</p>


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<p>Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.</p>
