Kuala Lumpur: RHB Research Institute Sdn Bhd has maintained a 'buy' rating for Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) following the company's financial year 2017 core net profit of RM40.6 million, which surpassed expectations due to variation order claims. In a note Thursday, the research firm said MMHE had also sprung another surprise by forking out a three sen dividend per share to shareholders. "While 2017 was a good year, 2018 may be slightly more challenging, since orders are dwindling.
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"Nevertheless, the stock is still attractively valued, as its cash pile is still of a significant size," it added.
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