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Lion Industries climbs on 'strong buy' rating

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Lion Industries climbs on 'strong buy' rating Empty Lion Industries climbs on 'strong buy' rating

Post by hlk Mon 23 Apr 2012, 14:10

As of 9.38am in Kuala Lumpur, Lion Industries Corp, a steelmaker, climbed 1.5 per cent to RM1.39, bound for its biggest gain since April 10. The stock was rated new strong buy at ECM Libra Financial Group Bhd, which said the company will benefit from growth in the country's construction and property industries this year.

The brokerage has a share price estimate of RM2.16 for the stock, Benjamin Lee, an analyst at ECM, wrote in a report today. A strong buy means the stock is expected to generate a 12-month total return including dividends of at least 30 percent, according to the report. -- Bloomberg
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Lion Industries climbs on 'strong buy' rating Empty Re: Lion Industries climbs on 'strong buy' rating

Post by Cals Tue 24 Apr 2012, 01:15

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not sure abt this maybe need some time to play out
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