MITRA (9571) - HLIB maintains Buy on Mitrajaya after orderbook grows to RM1.8 billion
KUALA LUMPUR (Jan 29): Hong Leong IB Research has maintained its “Buy” rating on Mitrajaya Holdings Bhd and said the company’s ordebook hit another record high of RM1.8 billion after it secured a RM230 million affordable housing contract in Putrajaya.
In a note Thursday, HLIB said the potential upside to the research house’s job wins target (RM500 million) as 46% has already been achieved in the month of Jan alone.
“Maintain Buy, target price: RM1.97, our top small cap construction pick.
“Investors with higher risk appetite can consider the warrants which has seen premium narrow to an all-time low,” it said.
http://www.theedgemarkets.com/
KUALA LUMPUR (Jan 29): Hong Leong IB Research has maintained its “Buy” rating on Mitrajaya Holdings Bhd and said the company’s ordebook hit another record high of RM1.8 billion after it secured a RM230 million affordable housing contract in Putrajaya.
In a note Thursday, HLIB said the potential upside to the research house’s job wins target (RM500 million) as 46% has already been achieved in the month of Jan alone.
“Maintain Buy, target price: RM1.97, our top small cap construction pick.
“Investors with higher risk appetite can consider the warrants which has seen premium narrow to an all-time low,” it said.
http://www.theedgemarkets.com/
