Bursa Malaysia Stock Watch
SIME - Sime upgraded to 'buy' at HwangDBS
kltrader
Publish date: Mon, 29 Nov 2010, 11:07 AM
kltrader
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Stock Name: SIME
Company Name: SIME DARBY BHD
Research House: HWANGDBS
Sime Darby Bhd, the world's biggest publicly traded palm oil producer, was upgraded to "buy" from "hold" at HwangDBS Vickers Research Sdn Bhd, after recovery in most of the group's businesses exceeded expectations.
"We believe Sime deserves a second look as current earnings growth momentum still has legs," HwangDBS said in a report today.
The share price estimate was raised to RM10.20 from RM9.00. - Bloomberg
Company Name: SIME DARBY BHD
Research House: HWANGDBS
Sime Darby Bhd, the world's biggest publicly traded palm oil producer, was upgraded to "buy" from "hold" at HwangDBS Vickers Research Sdn Bhd, after recovery in most of the group's businesses exceeded expectations.
"We believe Sime deserves a second look as current earnings growth momentum still has legs," HwangDBS said in a report today.
The share price estimate was raised to RM10.20 from RM9.00. - Bloomberg
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