September 2, 2010

MMCCORP - MMC rises on HwangDBS 'buy' rating

Stock Name: MMCCORP
Company Name: MMC CORPORATION BHD
Research House: HWANGDBS



MMC Corp, a Malaysian builder, power producer and port operator, rose the most in more than a month after HwangDBS Vickers Research Sdn Bhd recommended investors to buy the stock for its "solid" growth prospects.

The stock advanced 3.2 per cent to RM2.61 at 12:10 p.m. local time in Kuala Lumpur, set for its largest increase since July 23. MMC was rated new "buy" at HwangDBS with a share-price forecast at RM3.20. -- Bloomberg


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