May 6, 2011

WASEONG - Wah Seong a 'buy' on better prospects

Stock Name: WASEONG
Company Name: WAH SEONG CORPORATION BHD
Research House: OSK

Wah Seong Corp was raised to “buy” from “neutral” at OSK Research Sdn Bhd, which cited improving earnings growth prospects at the Malaysian pipe-coating company.

The stock’s fair value was increased to RM2.60 from RM2.29, analyst Jason Yap wrote in a report today. -- Bloomberg

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