[New post] CIMB: Muhibbah Engineering – Reduce TP $0.71 (Previous TP RM0.76)

alanyeo posted: " Core losses dragged by Cambodia Airports ■ 9MFY21 results were broadly in line despite the RM6.5m core losses.■ Infra and cranes to support an earnings turnaround in 4Q21F but Cambodia Airports losses (21% stake) remains our key concern.■ Reduce ratin" New post on Alpha Edge Investing CIMB: Muhibbah Engineering – Reduce TP $0.71 (Previous TP RM0.76) by alanyeo Core losses dragged by Cambodia Airports ■ 9MFY21 results were broadly in line despite the RM6.5m core losses.■ Infra and cranes to support an earnings turnaround in 4Q21F but Cambodia Airports losses (21% stake) remains our key concern.■ Reduce rating unchanged with lower TP (60% discount to RNAV). Read more of this post alanyeo | December 1, 2021 at 1:48 pm | Tags: Muhibbah Engineering | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-6I6 Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/12/01/cimb-muhibbah-engineering-reduce-tp-0-71-previous-tp-rm0-76/