not vested
Muhibbah Engineering
ADD, TP RM3.82, RM2.90 close
The group’s rail exposure could be in the form of rail noise barrier packages as it constructed rail noise barriers for the LRT 3 and MRT 2 projects.
The stock trades at undemanding FY19-20F P/E of 9-10x (30-40%) discount to the construction
sector’s average of 15x.
Source: CIMB