Stock Picks – Construction Sector – March 2011



OSK maintain OVERWEIGHT rating on construction sector, driven primarily by:

(i) implementation of the various projects under the ETP, and

(ii) the potential of more contract awards as the Govt attempts to generate a feel-good factor given the potential of an early General Election.

Gamuda, Mudajaya and KimLun are OSK’s top picks

Below are the target price for selected stocks in construction sector.

Stock Price (RM) Target (RM) Market Cap (RMmil) Rating
AZRB 0.89 1.29 965.9 Buy
GAMUDA 3.73 4.78 7,461.7 Buy
HSL 1.79 2.32 648.3 Buy
IJM 6.10 6.70 3,832.0 Neutral
KIMLUN 1.71 2.32 1,037.0 Buy
MUDAJAYA 4.84 7.44 1,259.1 Buy
MRCB 2.12 2.58 4,895.1 Buy
NAIM 3.14 5.10 441.5 Buy
SUNWAY 2.26 2.60 620.2 Buy
WCT 3.00 3.75 3,318.3 Buy


Source : OSK Research


Leave a Comment

  • TSLim 12th April, 2011, 10:52 pm

    Gperak (3623) will be submitting it’s restructuring plan soon.

    Reply
  • 1mdb.com 13th April, 2011, 12:20 am

    TSLim, I never follow GPerak before. Any tips?

    Reply