MUHIBBAH Engineering Bhd, a Malaysian builder, rose to a 14-month high after the company was rated “trading buy” at CIMB Investment Bank Bhd, which cited an improving outlook in project flows.
The stock climbed 7.2 per cent to RM1.34 at 10:32 a.m. in Kuala Lumpur, set for its highest close since Sept. 11, 2009. The share price estimate was RM2, Sharizan Rosely, an analyst at CIMB, said in a report today. - Bloomberg
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