May 26, 2010

MPI - Malaysian Pacific downgraded at OSK

Stock Name: MPI
Company Name: MALAYSIAN PACIFIC INDUSTRIES
Research House: OSK

Malaysian Pacific Industries Bhd (MPI), Malaysia's largest listed chipmaker, had its stock rating cut to "sell" from "neutral" at OSK Research Sdn Bhd, citing "unattractive" valuations.

The share price estimate was reduced to RM4.28 from RM6.36, OSK said in a report today. - Bloomberg

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