May 26, 2011

MAYBULK - Malaysian Bulk cut to 'neutral'

Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Research House: OSK

Malaysian Bulk Carriers Bhd was cut to “neutral” from “buy” at OSK Research Sdn Bhd to reflect “depressed” shipping rates.

The stock’s fair value was reduced to RM2.21 from RM3.10, OSK said in a report in Kuala Lumpur today. -- Bloomberg

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