AVGO
Broadcom
-- 224.800 NVDA
NVIDIA
-- 134.250 TSLA
Tesla
-- 436.230 AMD
Advanced Micro Devices
-- 126.910 PLTR
Palantir
-- 76.070 Industrial Bank sets a Target Price of RM11.67 for Jinwuda, still having room for an increase.
CIMB sets a Target Price of RM11.67 for Kim Loong Resources, which still has room for upward movement.
CIMB Investment Bank believes that Kim Loong Resources $GAMUDA (5398.MY)$ still has strong upward potential in the next 12 months, as its earnings performance is strong and may win more new projects.
CIMB Investment Bank analyst raised Kim Loong Resources' target price by RM1.15 to RM11.67, the highest target price among the 21 securities firms tracking the stock, and maintains a 'Buy' rating.
Meanwhile, RHB International Securities also raised kim Loong Resources' target price by 80 cents to RM11.00.
CIMB Investment Bank pointed out that Kim Loong Resources is likely to secure more renewable energy and railroad projects in Australia, which were previously not fully considered.
There are currently renewable energy projects worth approximately 4 billion Australian dollars (about 11.2 billion Ringgit) in Australia, and Kim Loong Resources has been shortlisted.
Furthermore, Kim Loong Resources is also competing in the Eastern Suburbs Rail Loop project in Australia, with an estimated share of around 3 billion Australian dollars (about 8.4 billion Ringgit), and may also participate in the construction project of Sydney Metro West Line stations, valued at up to 1.5 billion Australian dollars (about 4.2 billion Ringgit).
Benefiting from strong growth in the construction Industry and optimistic sentiment about the progress of major infrastructure projects, Jin Wu Da's stock price has doubled so far this year, reaching a historic high.
Additionally, multiple pieces of news about high-profit Datacenter construction projects have also driven the stock price up.
Despite the significant increase in stock price, Analysts remain optimistic about Jin Wu Da.
Currently, the stock has 19 'Buy' ratings, 2 'Hold' ratings, and no 'Sell' ratings.
Continued momentum in new contracts.
According to Bloomberg data, the consensus 12-month Target Price is 9.94 Ringgit, which is higher than the current market price of 9.19 Ringgit, offering a potential return of over 8%.
Lian Chang International Securities stated that they have not yet seen a trend of Jin Wu Da weakening in obtaining contracts, and the company may finalize 'several additional project opportunities' in the next 1 to 2 quarters.
In addition to the strong development of Datacenter-related projects, Jin Wu Da may also secure a rail project worth 8.1 billion Ringgit in Taiwan over the next three years and complete the Oven Mountain pumped hydro energy storage project in Queensland by the last quarter of 2025, valued at over 1 billion Australian Dollars (approximately 2.8 billion Ringgit).
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation. Readers should bear any risks and responsibilities arising from relying on this content. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult with professional advisors when necessary. The author and related participants are not responsible for any losses or damages resulting from the use or reliance on the information contained in this article.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
liquidgold : Any chives jumping in?
'CIMB Investment Bank analyst raised Gamuda target price up by RM1.15 to RM11.67.
RHB International Securities also raised Gamuda target price up by 80 cents to RM11.00'
BTW very poor translation to Kim Leong Resources. Should just use the original name to avoid lost in translation
VL_103550497 : great