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Buy MRCB, Gamuda, says UOB-Kay Hian

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Buy MRCB, Gamuda, says UOB-Kay Hian Empty Buy MRCB, Gamuda, says UOB-Kay Hian

Post by hlk Thu 29 Sep 2011, 18:02

Malaysian Resources Corp and Gamuda Bhd rose in Kuala Lumpur trading after UOB-Kay Hian Holdings Ltd said investors should buy these “downtrodden” property and building stocks that are potential “rebound plays.”

Malaysian Resources, a property and construction group, surged 8.5 per cent to RM1.78 at 4:27 p.m. local time, set for its highest close since Sept. 21.

Gamuda added 1.4 per cent to RM2.90. -- Bloomberg

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