Stock Name: ALAM
Company Name: ALAM MARITIM RESOURCES BHD
Research House: CIMB
Company Name: ALAM MARITIM RESOURCES BHD
Research House: CIMB
Alam Maritim Resources Bhd was raised to “buy” from “sell” at CIMB Investment Bank Bhd, which said the Malaysian oil and gas company’s joint venture may win a pipe-installation contract worth as much as US$60 million.
The share estimate was increased to RM1.40 from RM1.03, Norziana Mohd Inon, an analyst at CIMB, wrote in a report today.
The stock rose the most in three months in Kuala Lumpur trading, climbing 5.7 per cent to RM1.11 at 9:11 a.m. local time, set for its biggest gain since Jan. 12. -- Bloomberg
The share estimate was increased to RM1.40 from RM1.03, Norziana Mohd Inon, an analyst at CIMB, wrote in a report today.
The stock rose the most in three months in Kuala Lumpur trading, climbing 5.7 per cent to RM1.11 at 9:11 a.m. local time, set for its biggest gain since Jan. 12. -- Bloomberg
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