Wednesday, April 6, 2011

Mewah International rated 'buy' by DBS

Stock Name: Mewah
Company Name: MEWAH INTERNATIONAL INC.
Research House: DBS Vickers

DBS Vickers Securities in an Apr 1 research report says: "A CPO price moderation seen in 2H11and CY12 from supply recovery should benefit downstream processors, as selling prices generally lag lower feedstock costs. We see Mewah as a cheaper alternative to Wilmar and IOI Corp.

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