KUALA LUMPUR: Kenanga Investment Bank Research has raised the target price of United U-Li Corporation Bhd from 85 sen to RM1.45 while maintaining its Outperform outlook.
The research house said on Tuesday after a meeting with its management recently, it believes Uli Corp is expected to do well as the fierce competition since FY17 has abated while mega construction projects are gradually picking up pace.
“Upgrade FY21E earnings by 40% after imputing stronger margins which mimics pre-competition years, ” it said.
Uli Corp’s 83 ongoing projects, all secured this year, will sustain short term revenue, the research house said. “Among them are the MRT2, LRT3, new glove factories, Singapore MRT, PNB118, TRX etc, ” it said.
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Changes in the Board of Executive Directors of BASF Business & Financial News | December 17, 2020 Global
Melanie Maas-Brunner appointed to the Board and succeeds Wayne T. Smith
Redistribution of responsibilities effective February 1, 2021 and June 1, 2021
Ludwigshafen, Germany – December 17, 2020 – The Supervisory Board of BASF SE today appointed Dr. Melanie Maas-Brunner (52) as a member of the Board of Executive Directors effective February 1, 2021. Maas-Brunner has been with BASF since 1997 and has headed BASF’s Nutrition & Health division since 2017. In her new role as of February 1, 2021, she will also take over the position as Chief Technology Officer from Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF. She will assume responsibility for the three research divisions Advanced Materials & Systems Research, Bioscience Research, Process Research & Chemical Engineering as well as BASF New