Monday 12 December 2011

Petronas Chems upgraded, stock rises

Petronas Chemicals Group Bhd, the petrochemicals arm of Malaysia’s state oil company, rose the most in more than a week in Kuala Lumpur trading after the stock was upgraded to “outperform” with an increased so-called fair value of RM6.72 at RHB Capital Bhd.

Its shares gained 1.3 percent to RM6.08 at 9:15 a.m. local time, set for their biggest increase since Dec. 1. -- Bloomberg



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