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PETALING JAYA: Hong Leong Investment Bank (HLIB) has upgraded construction and property group Malaysian Resources Corporation Bhd (MRCB) to a “buy” from its previous “hold” call with a target price (TP) of 55 sen from 34 sen previously. ....
By Ying Xian Wong Gamuda shares rose early Friday after quarterly earnings beat expectations, with several analysts reiterating buy ratings and forecasting. ....
HAVING being affected by the various movement restrictions during the pandemic, Rohas Tecnic Bhd is looking to grow its recurring income and green business to reduce its reliance on manufacturing. More specifically, it aims to shore up its mini hydropower plant and water treatment plant (WTP) businesses, as well as the telecommunication tower division, so that within three years, their total contribution to revenue and bottom line will be increased to 50% and 30% respectively (from 20% at present). ....