February 21, 2011

GAB - Buy Guinness Anchor: UOB Kay Hian

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

Guinness Anchor Bhd., Malaysia’s biggest brewer by market value, was raised to “buy” from “hold” at UOB Kay Hian Holdings Ltd to reflect its sales and market-share prospects.

The share-price estimate was increased to RM10.30 from RM9.20, Vincent Khoo, an analyst at UOB Kay Hian, wrote in a report today. - Bloomberg

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