Ranhill
This stock has been losing steam since Jan this year and current stood at around RM1.50. The possibility of the pipe line project located in the northern region is likely to be a long shot now that all the states involved are control by opposition parties. Truth is even if the government is controling these states, it would not have take off easily let alone the situation Malaysia is currently in.
The Ranhill is therefore likely not to benefit from this "project" in the future given the uncertainty of the policy lead by the fed government. Without this project Ranhill still have plenty of project on hand to keep them busy for the next 5 years. Given the company's historically strong operating margin of ~30%, well diversified business and strong income from it's utility business makes it worth for you to keep this company in your radar.
I do not rule out possibility of privatization yet... ;)
No comments:
Post a Comment