Stock Name: VizBranz
Company Name: VIZ BRANZ LIMITED
OCBC Investment Research in a Mar 15 research report says: "Yesterday’s market action saw the share price of Viz Branz (VB) rose more than 14% to as high as 53.5 cents before correcting down to close at 43 cents at the end of the day.
"It was a continuation from Tuesday's strong rally of 16.7%, which saw VB hit a then all-time high of 45.5 cents. In light of VB’s relatively light daily trading volume, the sharp gains on both days on unusually high volumes, came as a huge surprise to the market.
"However, management communicated to us that there were no changes to daily company operations, and also denied any knowledge of any developments regarding VB’s existing share ownership structure.
"Unchanged fair value of 37 cents as we continue to like the counter for its promising 2H12 outlook and growth potential. MAINTAIN HOLD."
Company Name: VIZ BRANZ LIMITED
| Research House: OCBC | Price Call: HOLD | Target Price: 0.37 |
OCBC Investment Research in a Mar 15 research report says: "Yesterday’s market action saw the share price of Viz Branz (VB) rose more than 14% to as high as 53.5 cents before correcting down to close at 43 cents at the end of the day.
"It was a continuation from Tuesday's strong rally of 16.7%, which saw VB hit a then all-time high of 45.5 cents. In light of VB’s relatively light daily trading volume, the sharp gains on both days on unusually high volumes, came as a huge surprise to the market.
"However, management communicated to us that there were no changes to daily company operations, and also denied any knowledge of any developments regarding VB’s existing share ownership structure.
"Unchanged fair value of 37 cents as we continue to like the counter for its promising 2H12 outlook and growth potential. MAINTAIN HOLD."
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