April 7, 2011

MEDIA - Media Prima rises on Macquarie upgrade

Stock Name: MEDIA
Company Name: MEDIA PRIMA BHD
Research House: MACQUARIE GROUP

Media Prima Bhd, a Malaysian newspaper publisher and broadcaster, rose to an 11-week high after its share price estimate was raised to RM3.35 from RM2.78 at Macquarie Group Ltd to reflect its earnings growth prospects.

The climbed 0.8 per cent to RM2.61 at 9.47 am local time in Kuala Lumpur trading, headed for the highest close since January 21. - Bloomberg

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