Stock Name: Jaya Hldg
Company Name: JAYA HOLDINGS LTD
Research House: DBS Vickers
Company Name: JAYA HOLDINGS LTD
Research House: DBS Vickers
Shares of ship building and chartering firm Jaya Holdings <JAYA.SI> rose as much as 11% on Thursday after DBS Vickers reinstated coverage on the firm with a "buy" recommendation and target price of $1.15.
At 0305 GMT, shares of Jaya were trading at $0.73 on a volume of 33.8 million shares.
DBS said Jaya could be a potential takeover target due to its strong cash generation potential, low valuations and experienced management team.
"It is because of the DBS report," a local trader said of the spike in Jaya's share price.
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