May 10, 2011

WASEONG - Wah Seong upgraded to 'hold'

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

Wah Seong Corp, a Malaysian pipe-coating company, rose the most in three weeks in Kuala Lumpur trading after AmResearch Sdn Bhd upgraded the stock to “hold” with a higher fair value of RM2.45.

The stock climbed 2.3 per cent to RM2.19 at 10:29 a.m. local time, set for its biggest gain since April 28. -- Bloomberg

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