Thursday, August 12, 2010

PLUS - PLUS at 2-week high on fair value raise

Stock Name: PLUS
Company Name: PLUS EXPRESSWAYS BHD
Research House: AMMB



PLUS Expressways Bhd, Malaysia's biggest toll road operator, rose the most in two weeks after AmResearch Sdn Bhd raised its fair value for the stock to reflect a more "bullish" outlook on traffic growth.

The stock climbed 1.1 per cent to RM3.74 at 10:49 a.m. local time, set for its steepest gain since July 30. The fair value was increased to RM4.33 from RM4, AmResearch analyst Hoy Ken Mak said in a report today. - Bloomberg



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