Bursa Malaysia Stock Watch

PCHEM - Petronas Chems gains on CIMB upgrade

kltrader
Publish date: Mon, 10 Jan 2011, 02:28 PM
kltrader
0 20,411
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
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

 
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment