Monday, January 31, 2011

DiGi upgraded on hope of dividend payout

DiGi.Com Bhd, a Malaysian mobile phone operator, was upgraded to 'buy' at OSK Research Sdn Bhd to reflect expectations of a dividend 'windfall payout' in its financial year 2011.

The share estimate was increased to RM27.90 from RM24.40, Jeffrey Tan, an analyst at OSK, said in a report today.

His previous rating for the stock was 'neutral,' according to data compiled by Bloomberg. -- Bloomberg

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