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Sarawak Oil Palms falls on rating cut
by hlk Wed 04 Apr 2012, 14:25
As of 12.30pm trading break, Sarawak Oil Palms Bhd, a palm-oil producer, dropped 1.3 per cent to RM6.85, poised for its largest loss since Feb. 28. The stock was cut to hold from buy at Maybank Investment Bank Bhd as its share price has risen 60 per cent since August, Ong Chee Ting and Chai Li Shin, analysts at the brokerage, wrote in a report today. They maintained their price estimate of RM7.20. -- Bloomberg
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