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Kurnia Asia stock set to rally: Analyst

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Kurnia Asia stock set to rally: Analyst Empty Kurnia Asia stock set to rally: Analyst

Post by hlk Fri 09 Dec 2011, 11:24

Kurnia Asia Bhd, a Malaysian insurer, rose to a one-month high in Kuala
Lumpur trading as Hong Leong Financial Group Bhd said its stock price is
poised to rally.


Prices should test between 59 sen and 67 sen due to speculation that
it has found a buyer for its Kurnia Insurans (M) Bhd. unit, Hong Leong
analyst Low Yee Huap wrote in a report today.


The stock climbed 1 percent to 50 sen at 9:25 a.m., set for its highest close since Nov. 4. -- Bloomberg
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