Tuesday, February 22, 2011

Straits Asia Resources upgraded to 'neutral' by DMG

Stock Name: StraitsAsia
Company Name: STRAITS ASIA RESOURCES LIMITED
Research House: DMG

DMG & Partners Securities in a Feb 22 research report says: "Straits Asia Resources (SAR) reported 4Q10 net profit of US$30.5 million (-20% y-o-y, +32% q-o-q), 20% above our expectations and consensus'. This was mainly due to higher-than-expected production from Jembayan in 4Q10.

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