February 24, 2011

IJMPLNT - IJM Plantations cut to 'hold' at ECM

Stock Name: IJMPLNT
Company Name: IJM PLANTATIONS BHD
Research House: ECMLIBRA

IJM Plantations Bhd., a Malaysian palm oil producer, was downgraded to “hold” from “trading buy” at ECM Libra Capital Sdn. on expectations that prices for the edible oil will fall.

Its share estimate was cut to 2.80 ringgit from 3.99 ringgit, analyst Bernard Ching said in a report today. - Bloomberg

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