In a note Tuesday, the research house said with this, it had revised its available FY15/16 forecast higher by 7% respectively.
BIMB Securities said inclusive of this contract, Dayang’s current outstanding orderbook would stand at circa RM4.5 billion, with the HUC contracts portion to provide earnings visibility until 2018.
“Maintain a Buy call with a revised target price of RM3.37 from RM3.14 previously based on higher FY15 EPS of 30.6sen on PER of 11x,” it said.
http://www.theedgemarkets.com/en/node/174986
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