April 6, 2010

PETRA - Price Target News

Stock Name: PETRA
Company Name: PETRA PERDANA BHD
Research House: CIMB

Petra Perdana Bhd, a Malaysian oil and gas services provider, rose to a three-month high after CIMB Investment Bank Bhd increased the share price estimate to RM2 from RM1.82 on earnings prospects.

The stock surged 8.8 per cent to RM1.74 at 9:31 am local time in Kuala Lumpur trading, bound for its highest close since January 7. -- Bloomberg

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