IOI, Malaysian Planters Rise After RHB Upgrades Industry Rating

Oct. 6 (Bloomberg) -- Malaysian plantation stocks, including IOI Corp., rose in Kuala Lumpur trading after the industry’s rating was upgraded at RHB Capital Bhd., which said it offered “stable” earnings and “reliable” dividends.

IOI rose 1.8 percent to 4.52 ringgit at 9:10 a.m. local time. Kulim Malaysia Bhd. added 1.9 percent to 3.17 ringgit. The sector was raised to “overweight” from “neutral,” RHB wrote in a report.

Link to Company News:{IOI MK <Equity> CN <GO>} Link to Company News:{KLK MK <Equity> CN <GO>} Link to Company News:{KUL MK <Equity> CN <GO>} Link to Company News:{RHBC MK <Equity> CN <GO>} Link to Company News:{SIME MK <Equity> CN <GO>}

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net