$MHB / 5186 (MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD)
Research by TA
Hold – TP RM0.55

“No More Cost Provisions?"

Considering the better earnings prospect, we raise our P/B valuation for MHB from 0.6x to 0.65x, hence raising our TP to RM0.55/share (previous: RM0.51/share) pegged to 0.65x CY25 P/B ratio. Maintain Hold.

Analyst:
Ong Tze Hern
thong@ta.com.my