Tuesday, January 18, 2011

RafflesEdu - Raffles Education Corporation rated 'hold' by OCBC

Stock Name: RafflesEdu
Company Name: RAFFLES EDUCATION CORP LIMITED
Research House: OCBC

OCBC Investment Research in a Jan 17 research report says: "Raffles Education Corp (REC) announced that it has exercised an option to acquire Merchant Square for $65 million. REC believes that the acquisition will now enable the group to secure a permanent place of business instead of using rented premises and facing the risk of relocation when the lease expires.


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