January 25, 2011

GAB - Guinness jumps on bullish sales forecast

Stock Name: GAB
Company Name: GUINNESS ANCHOR BHD
Research House: OSK

Guinness Anchor Bhd, Malaysia’s second-biggest brewer, jumped to a 26-month high in Kuala Lumpur trading after OSK Research Sdn Bhd predicted “healthy” earnings and “bullish” sales this year after meeting management.

The stock climbed 6.2 per cent to RM10.62 at 9:17 a.m. local time, set for its biggest gain since November 2008.

OSK raised its share estimate to RM9.97 from RM7.97 in a report in Kuala Lumpur today. -- Bloomberg

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