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Latexx raised to 'trading buy' at CIMB Posted: 08 Jun 2011 06:14 PM PDT Latexx Partners Bhd, a Malaysian rubber glove maker, was raised to "trading buy" from "neutral" at CIMB Investment Bank Bhd after the company agreed to a revised offer to merge with the YTY group. The share estimate was increased to RM2.60 from RM2.28, Kuala Lumpur-based analyst Terence Wong wrote in a report today. The stock rose to its highest level in almost three weeks in Kuala Lumpur trading, gaining 3.1 per cent to RM2.34 at 9:03 a.m. local time, set for its highest close since May 23. -- Bloomberg |
Genting gains on NY casino report Posted: 08 Jun 2011 06:29 PM PDT Genting Bhd, a Malaysian gaming and plantations group, rose the most in a week in Kuala Lumpur trading after the Business Times reported it is expected to open its gaming project in New York City in the fourth quarter of this year. The stock gained 1.1 per cent to RM11.10 at 9:10 a.m. locall time, set for its biggest increase since June 2. -- Bloomberg
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