June 8, 2011

MBMR - MBM Res untraded after stock upgrade

Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Research House: RHB

MBM Resources Bhd, a Malaysian car distributor, was untraded at 9:16 a.m. in Kuala Lumpur after the stock was upgraded to “outperform” at RHB Research Institute Sdn Bhd with a higher fair value of RM3.75.

Its shares gained 1 per cent to close at RM3.13 yesterday, its highest close since March 3. -- Bloomberg

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