Stock Name: StraitsAsia
Company Name: STRAITS ASIA RESOURCES LIMITED
Research House: OCBC
Company Name: STRAITS ASIA RESOURCES LIMITED
Research House: OCBC
OCBC Investment Research lifts Straits Asia Resources (AJ1.SG) target price to $2.08 from $1.85 to assume higher average selling prices from FY11 on strong demand, says Dow Jones.
But keeps Hold call: “While SAR’s outlook is gradually improving, lingering risks including wet weather as well as potential delays in obtaining the Sebuku permits remain.”
Notes, Indonesia-based coal miner expects to receive permits by end-2010 to carry out work in Sebuku region. Shares +1.0% at $2.06.
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