Thursday, August 23, 2007

Who else?....


Well, when we take about construction, gov related, get projects like it or not... MRCB comes into mind for me... having already working on the RM2 billion comprehensive transportation hub project called Penang Sentral, this company is also the favourite to win the 1.6bil Penang monorail project after getting a boost back then when Penang Port (PPSB) joined its consortium to bid for the project. MRCB is also in the bid for the 1.1bil PORR project in Penang.

With the government's efford to transform Penang into an infrastructure hub, MRCB will try it's best to secure as much projects as possible from the 9mp and the NCER.

Also not to forget the future potential on property development in Penang which is something MRCB will stand very favourable to benefit from this property boom.

For me it's a buy... TP $3.80 by new year. Frankly i feel every stock players should have this counter in their portfolio at least for now until next year... ;)

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