February 7, 2011

KENCANA - Kencana rises on raised 'fair value'

Stock Name: KENCANA
Company Name: KENCANA PETROLEUM BHD
Research House: RHB

Kencana Petroleum Bhd, a Malaysian oil and gas services provider, rose to its highest level in almost three weeks after RHB Research Institute Sdn Bhd raised the stock’s “fair value” to RM2.85 from RM2.68.

The stock climbed 1.1 per cent to RM2.66 at 9:42 a.m. in Kuala Lumpur trading, on course for its highest close since Jan. 18. -- Bloomberg

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