KUALA LUMPUR (Sept 29): MIDF Research has maintained its “Buy” rating on KKB Enginering Bhd with a target price of RM1.96 and said due to the intensifying news flows on Sarawak state election slated in early 2016, KKB was seen as a potential recipient of Sarawak’s infrastructure largesse.

In a note today, the research house said KKB maintains an attractive fundamental outlook and growing enterprise capabilities with total orderbook of RM223.4 million.

“Its core competencies in steel fabrication, water piping, hot steel galvanising and gas cylinder manufacturing could induce more jobs in upcoming quarters

“Overall, we maintain our Buy recommendation with a target price of RM1.96 per share,” it said.