KUALA LUMPUR: AmInvestment Research is maintaining its “buy” recommendation on MMC Corp Bhd.
The research unit has raised its forecast net profit for financial year 2020-2021 (FY20–FY21) by 1% respectively but maintained its fair value of RM1.58 based on “sum of parts”, valuing the group’s seaport business at 18 times forward earnings versus 23 times for its peer, Westport Holdings Bhd.
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