April 7, 2011

MRCB - Malaysian Resources raised to 'buy'

Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Research House: UOB

Malaysian Resources Corp was raised to “buy” from “hold” at UOB-Kay Hian Holdings Ltd to reflect the higher value of its Kuala Lumpur Sentral development and the possibility of the company securing a parcel of government land.

The share price estimate was increased to RM2.86 from RM2.30, Vincent Khoo, an analyst at UOB-Kay Hian, wrote in a report today in Kuala Lumpur. -- Bloomberg

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