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Thursday, January 6, 2011

UEM Land an ‘emerging blue chip’ proxy (BT)

UEM Land Holdings Bhd, a Malaysian property developer which made a takeover offer for rival Sunrise Bhd, is an “emerging blue chip” proxy for improving Singapore-Malaysia ties, Credit Suisse Group AG said in a report today.

Investors are expected to make UEM Land a “core holding,” Stephen Hagger, an analyst at Credit Suisse, said in a report today. -- Bloomberg

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