May 24, 2011

PUNCAK - Puncak Niaga raised to 'trading buy'

Stock Name: PUNCAK
Company Name: PUNCAK NIAGA HOLDINGS BHD
Research House: CIMB

Puncak Niaga Holdings Bhd was raised to “trading buy” from “neutral” at CIMB Investment Bank Bhd after the Malaysian company announced plans to venture into the oil and gas industry and it won a water supply contract in Sarawak state.

The share estimate was increased to RM3.03 from RM2.72, Sharizan Rosely, an analyst at Kuala Lumpur-based CIMB, wrote in a report today. -- Bloomberg

No comments:

Post a Comment