April 28, 2010

MAYBANK - Maybank upgraded to 'buy'

Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Research House: OSK

Malayan Banking Bhd, Malaysia's biggest bank, was upgraded to "buy" from "neutral" at OSK Research Sdn Bhd, which said its overseas expansion and improving asset quality will propel earnings.

The share price estimate was increased to RM8.50 from RM7.05, OSK said in a report today. -- Bloomberg

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