MMC Corp, a Malaysian builder and power group, rose to its highest level
since June 2008 after its stock rating was raised to "outperform" from "neutral"
at Credit Suisse Group AG.
The stock climbed 1.7 per cent to RM3.05 at 9:03 a.m. local time in Kuala
Lumpur trading, set for its highest close since June 11, 2008.
The brokerage raised its share-price estimate to RM3.80 from RM2, according
to a report by Annuar Aziz.
- Bloomberg |