Ahad, 12 Jun 2011

NST Online Business Times : latest


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NST Online Business Times : latest


Sunway upgraded to 'trading buy'

Posted: 12 Jun 2011 06:35 PM PDT

Sunway Holdings Bhd, a Malaysian builder and property developer, was upgraded to "trading buy" from "neutral" at OSK Research Sdn Bhd on potential upside from its planned merger with Sunway City Bhd.

The stock's fair value was raised to RM3.27 from RM2.60, analyst Jeremy Goh wrote in a report today. -- Bloomberg

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United U-Li surges to 6-year high

Posted: 12 Jun 2011 06:17 PM PDT

United U-Li Corp, a Malaysian manufacturer of industrial metal products, surged to its highest level in more than six years on plans to sell three units to Legrand SA for an "indicative" RM200 million.

The stock jumped 31 per cent to RM1.24 at 9:07 a.m. local time in Kuala Lumpur trading, set for its highest close since January 2005. -- Bloomberg

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