June 6, 2011

MBMR - MBM Resources upgraded to 'buy'

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

MBM Resources Bhd, which owns a stake in Malaysian automaker Perusahaan Otomobil Kedua Sdn Bhd, rose to a three-month high in Kuala Lumpur trading after OSK Research Sdn Bhd upgraded the stock to “buy” with a higher fair value of 3.80 ringgit.

Its shares increased 1.3 per cent to RM3.14 at 11:40 a.m. local time, set for their highest close since March 2. -- Bloomberg

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