Bursa Malaysia Stock Watch
IOICORP - Price estimate for IOI Corp raised at ECM
kltrader
Publish date: Wed, 25 Aug 2010, 10:53 AM
kltrader
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Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Research House: ECMLIBRA
IOI Corp, Malaysia's second-largest listed palm oil producer, rose to a three-month high after ECM Libra Capital Sdn Bhd raised its share price estimate to reflect higher earnings prospects as palm oil prices gain.
The stock climbed 0.8 per cent to RM5.29 at 9:25 am local time in Kuala Lumpur, set for its highest close since May 17.
The share estimate was increased to RM5.89 from RM5.54, ECM said in a report today. -- Bloomberg
Company Name: IOI CORPORATION BHD
Research House: ECMLIBRA
IOI Corp, Malaysia's second-largest listed palm oil producer, rose to a three-month high after ECM Libra Capital Sdn Bhd raised its share price estimate to reflect higher earnings prospects as palm oil prices gain.
The stock climbed 0.8 per cent to RM5.29 at 9:25 am local time in Kuala Lumpur, set for its highest close since May 17.
The share estimate was increased to RM5.89 from RM5.54, ECM said in a report today. -- Bloomberg
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