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Sept. 29 (Bloomberg) -- UEM Land Holdings Bhd. rose to a one-week high after the Malaysian developer was rated a new “trading buy” at CIMB Group Holdings Bhd., which said the company is “attractive” for its improving earnings outlook.
The stock gained 4.2 percent to 1.74 ringgit 12:17 p.m. local time in Kuala Lumpur trading, set for its highest close since Sept. 21. CIMB’s price target for the stock is 2.57 ringgit.
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