Summary
Malaysian Building Society is seen as having more upside, thanks to its favourable risk and reward investment case.
DESPITE the local market having rallied significantly over the last two years, there are still jewels to be found. This is the case with Malaysian Building Society Bhd (MBSB). The stock recently shot to the limelight following an astounding price rise from around RM1.50 to around RM2.50 in a space of two months. Two local research houses, Kenanga Research and AmResearch, have gone on to initiate coverage on MBSB with target prices of RM3.30 and RM3.00 respectively.See the full content of this document
Extract
Corporate
This coverage has lent a hand to increased investor awareness on the stock, which subsequently enhanced its liquidity as well as share price performance, causing it to rise strongly since late March (see price performance chart).
HistoryAccording to analysts, the origin of MBSB can be traced to the Federal and Colonial Building Society Limited, which was incorpo...See the full content of this document
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