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Article: OSK raises call on Kulim on expected strong results
- Article from:
- New Straits Times
- Article date:
- April 14, 2009
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New Straits Times
04-14-2009
OSK raises call on Kulim on expected strong results
Edition: Main/Lifestyle
Section: Business Times
Type: Company
OSK Research has raised its recommendation on shares of Kulim (M) Bhd as it expects the plantation group to post stronger earnings this year.
The stock is now a "trading buy" from "neutral" before, and its new target price is RM7.50 from RM6.90 previously.
Yesterday, Kulim's shares rose by 10 sen to close at RM5.40.
Kulim's Johor operations received the Roundtable on Sustainable Palm Oil (RSPO) certification earlier this year after subsidiary New Britain Palm Oil Ltd was recognised for sustainable palm oil production since September 2008.
In a note ...