November 16, 2010

PETDAG - CIMB upgrades Petronas Dagangan

Stock Name: PETDAG
Company Name: PETRONAS DAGANGAN BHD
Research House: CIMB



Petronas Dagangan Bhd, the retail arm of Malaysia's state oil and gas company, was raised to "outperform" from "underperform" at CIMB Investment Bank Bhd, to reflect higher earnings growth prospects.

The share price estimate was increased to RM14.70 from RM9.10, analyst Norziana Mohd Inon said in a report today. - Bloomberg





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