Short position - LRT 3, Top Glove suspension, Digital Bank Licence
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Source: thestar.com.my
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Kenanaga Research raises United U-Li target price to RM1.45
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 t...
Source: thestar.com.my