October 15, 2010

KLK - KL Kepong raised to 'buy' at ECM Libra

Stock Name: KLK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: ECMLIBRA



Kuala Lumpur Kepong Bhd had its stock rating raised to "buy" from "hold" at ECL Libra Capital Sdn Bhd, which said the Malaysian plantation company will benefit from higher palm oil prices.

The share price estimate was increased to RM21.70 from RM16.20, analyst Bernard Ching said in a report today. -- Bloomberg


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