Malaysian Resources Corporation
BUY RM1.60 Price Target : 12-Month RM 2.25
• Scarcity premium as the only listed GLC- contractor
• Expected to clinch a sizeable government land deal using proceeds from rights issue
• Ability to deliver earnings is improving.
by HDBS Vickers
The Company is principally an investment holding company. The Company also engages in construction related activities, property development and provision of management services to its subsidiaries. The Group is principally engaged in property development and investment, engineering, infrastructure, building servces and construction relates activities.