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via EdgeSingapore RSS on 8/10/09
PT Astra Agro Lestari and Golden Agri-Resources were among palm-oil stocks that were rated "overweight" in new coverage at Morgan Stanley, which said the industry is "attractive" given the outlook for prices.
The brokerage also initiated coverage of Indofood Agri Resources and Kuala Lumpur Kepong with "overweight" recommendations. It has an "equal-weight" rating for Sime Darby and an "underweight" rating for IOI Corp. Golden Agri led gains by most of the shares, surging 11% at 12:28 p.m. in Singapore.
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