Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Feb 8): Maybank Kim Eng analyst Liaw Thong Jung upgraded the recommendation on Malaysia Marine and Heavy Engineering Holdings Bhd to buy from hold.
    
Maybank Kim Eng raised the target price to RM1 from 75 sen implying a 22 percent increase from the last regular trade. The target is 18 percent above the consensus average of 85 sen.

MMHE had 3 buy recommendations, 6 holds and 3 sells previously.

Investors who followed Maybank Kim Eng recommendation would have received a 31 percent return in the past year, compared with the negative 19 percent return on the shares.

Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from 65 sen to RM1.05.


 

      Print
      Text Size
      Share