KUALA Lumpur Kepong Bhd led gains by Malaysian palm oil producers after CIMB Investment Bank Bhd upgraded the industry, saying the companies should outperform in the short term, aided by higher prices of the commodity.
Kuala Lumpur Kepong rose 2.1 per cent to RM17.20 at 9:47 a.m. local time, set for the highest level since July 2, 2008. IOI Corp climbed 0.9 per cent to RM5.59 and Sime Darby Bhd added 0.4 per cent to RM9.14.
The industry was raised to “trading buy” from “neutral,” CIMB said in a report today. - Bloomberg
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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