October 7, 2010

MUDAJYA - Mudajaya advances after OSK report

Stock Name: MUDAJYA
Company Name: MUDAJAYA GROUP BHD
Research House: OSK



Mudajaya Group Bhd, a builder, advanced 2 per cent to RM4.53,
on course for its highest close since August 10.

OSK Research Sdn Bhd raised its rating for Malaysia's building industry to "overweight" from "neutral," citing Mudajaya among its top picks.

The company will benefit from more construction contracts in coming months, said OSK analyst Jeremy Goh in the report. - Bloomberg


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