MRCB's 2Q26 Loss Widens, HLIB Cuts Target Price to 28 Sen
MRCB reported a core net loss of RM61.5 million for 2Q26, a sharp reversal from a profit a year earlier, as construction revenue fell after the LRT3 project completed. HLIB Research downgraded the stock to 'Hold' and cut its target price to 28 sen, citing limited catalysts and slower earnings recovery.