Bursa Malaysia Stock Watch

PCHEM - Petronas Chems gains on CIMB upgrade

kltrader
Publish date: Mon, 10 Jan 2011, 02:28 PM
kltrader
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Following Message 
Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMB


 
 Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, rose to a record after the stock was rated "outperform" at CIMB Investment Bank Bhd, which cited its strong earnings outlook. 
 
The stock gained 1.2 per cent to RM6.03 at 11:25 a.m. in Kuala Lumpur trading, extending its gain to the highest level since its listing debut on Nov. 26. 
 
CIMB has a share price estimate of RM7.25 for Petronas Chemicals, it said in a report today. -- Bloomberg 
 
 
 
   
 
     
 
   
 
 
    
   
               
 
 
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