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The Business Station
BFM 89.9
The Business Station
Why RM4.72 Target Price for Msia Marine and Heavy Engineering IPO
Why RM4.72 Target Price for Msia Marine and Heavy Engineering IPO
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ECM Libra talked about the upcoming listing of Petronas' subsidiary, Malaysia Marine and Heavy Engineering (MMHE). The retail and institutional offering closed today (Oct 14).ECM Libra explained why its target price for MMHE is RM4.72, as compared to the institutional offer price of RM3.80. TA Research gave MMHE a target price of RM4.16 while RHB Research pegged it at RM4.
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