May 16, 2011

PARKSON - Parkson fair value lifted, stock climbs

Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Research House: OSK

Parkson Holdings Bhd, a Malaysian department store operator, rose the most in almost two weeks after OSK Research Sdn Bhd raised the stock’s fair value to RM7.42 from RM6.31 to reflect its growth prospects.

The stock climbed 1.2 per cent to RM5.74 at 9:35 a.m. local time in Kuala Lumpur trading, set for its steepest increase since May 4. -- Bloomberg

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