May 26, 2011

HSL - Hock Seng Lee fair value raised

Stock Name: HSL
Company Name: HOCK SENG LEE BHD
Research House: OSK

Hock Seng Lee Bhd, a Malaysian builder, rose in Kuala Lumpur trading after OSK Research Sdn Bhd raised the stock’s “fair value” to RM2.50 from RM2.32 to reflect its earnings growth prospects.

The stock added 1.2 per cent to RM1.72 at 9:40 a.m. local time. -- Bloomberg

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