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Tuesday, June 5, 2012

KLCC Prop jumps on Kenanga upgrade

KLCC Property Holdings Bhd, owner of Kuala Lumpur’s Petronas Twin Towers, gained 5.1 per cent to RM4.09.

The stock, which headed for a record close, was upgraded to outperform from market perform at K&N Kenanga Holdings Bhd.

An outperform means the stock’s total return may exceed 10 per cent over 12 months, according to the report.

The share price estimate was raised to RM4.60 from RM3.50, it said.

By Bloomberg

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