Bursa Malaysia Stock Watch

KLK - KL Kepong downgraded to 'hold'

kltrader
Publish date: Tue, 30 Nov 2010, 11:06 AM
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Stock Name: KLK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: HWANGDBS



Kuala Lumpur Kepong Bhd, a Malaysian palm oil producer, was downgraded to 'hold' from 'buy' at HwangDBS Vickers Research Sdn Bhd on the stock's limited upside.

The share price estimate was unchanged at RM21.00, HwangDBS wrote in a report today.

Kuala Lumpur Kepong Bhd, a Malaysian palm oil producer, rose the most in three weeks in Kuala Lumpur trading after announcing a 28 per cent gain in fourth-quarter net income.

Its shares climbed 1.1 per cent to RM20.20 at 9:05 a.m. local time, set for their biggest gain since Nov. 8. -- Bloomberg

 
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