$MHB / 5186 (MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD)
Research by TA
BUY – TP RM0.61

" Resilience Intact”

Considering the better results and incorporating ESG Premium of 3%, we raise our TP to RM0.61/share (previous: RM0.55/share) pegged to 0.65x CY25 P/B ratio. Following the weakness in its share price, we upgrade it from HOLD to BUY.

Analyst:
Lee Yun Leon
yllee@ta.com.my