December 22, 2010

LMCEMNT - Lafarge Malayan raised to 'buy'

Stock Name: LMCEMNT
Company Name: LAFARGE MALAYAN CEMENT BHD
Research House: MAYBANK



Lafarge Malayan Cement Bhd was raised to "buy" from "hold" at Maybank Investment Bank Bhd to reflect sustained demand for cement.

The share price estimate was increased to RM8.50 from RM7.90, Lee Yen Ling, an analyst at Maybank, said in a report today. -- Bloomberg


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