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Unisem advances on upgrade to 'buy'

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Unisem advances on upgrade to 'buy'

Post by hlk Thu 05 Apr 2012, 21:06

As of 12.30 trading break, Unisem (M) Bhd, a semiconductor assembler, advanced 2.8 per cent to RM1.46. The stock was upgraded to trading buy at OSK Holdings Bhd on expectations demand will recover in the second half of the year, the brokerage wrote in a report today. A trading buy means the stock may rise more than 15 per cent over three months though the longer-term outlook remains uncertain, according to OSK. -- Bloomberg

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