Tuesday, May 29, 2012

Armstrong

Armstrong: Lim & Tan says the co may benefit from the potential pickup in China's auto market after Beijing agreed to revive financial incentives to boost demand for passenger cars. Says ,with the revival of the program, Armstrong, which has a one-third exposure to the sector, will see a pick up in business momentum again. Keeps a Buy call. The stock is up 1.9% at $0.265.

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