Tuesday, September 29, 2009

Hai-O Enterprise upgraded to 'buy'

OSK Research Sdn Bhd has upgraded Hai-O Enterprise Bhd, a Malaysian seller of Chinese wines, herbs and medicines, to “buy” from “neutral”.

The research outfit in a report today said it also raised the target price on Hai-O to RM6.92 from RM5.20.

The shares of Hai-O Enterprise advanced 4.9 per cent to RM5.97 in Kuala Lumpur trading at noon break.

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