Bursa Malaysia Stock Watch

MASTEEL - OSK Research: Masteel may report surge in 2H

kltrader
Publish date: Mon, 08 Nov 2010, 06:09 PM
kltrader
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Following Message 
Stock Name: MASTEEL
Company Name: MALAYSIA STEEL WORKS (KL)BHD
Research House: OSK

KUALA LUMPUR: OSK Research says Malaysia Steel Works (KL) Bhd may report a surprise surge in 2H, in tandem with its efforts to import cheaper scrap metal by containers.
 
 In a research note issued on Monday, Nov 8, it said Masteel's smallish size enable easier maneuvering of sales during a weak market.
 
 'Therefore, we are upgrading our call to Trading BUY resulting from the higher earnings, with our new fair value tagged at RM1.22,' it said.
 
 
 
   
 
     
 
   
 
 
    
   
               
 
 
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