March 10, 2011

JTINTER - JT Intl remains a 'buy' at OSK

Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD
Research House: OSK

JT International Bhd, a Malaysian cigarette maker, had its share price estimate increased to RM7.30 from RM6.32 at OSK Research Sdn Bhd, which expects the company to distribute a special dividend.

“With its growing cash pile the company is likely to declare special dividends on top of its annual recurring 30 sen per share dividends,” OSK said in a report today. It kept a “buy” rating on the stock. -- Bloomberg

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