Eleven of at least 12 analysts who track the stock recommend a 'buy' on it for they like its strong financials, professional management and that it is a government-linked company. MALAYSIAN Resources Corp Bhd (MRCB), a construction and property company, expects orders to jump by as much as 50 per cent to RM9 billion by the end of the year, its top official said.The combined order book of the main board company currently stands at around RM6 billion to RM7 billion."We're quite confident in terms of where we're going," group managing director Shahril Ridza Ridzuan said in an interview with Business Times. The two businesses typically account for up to 85 per cent of group revenue and profit, with the balance coming from environmental activities, property assets and building services, among others.On the property front alone, the group is planning up to RM6 billion worth of new developments. It is keen on securing more projects in the Middle East, Shahril said. Read more
(New Straits Times 6-3-2008)
