Pacific Andes Resources Development (P11.SG) +3.1% to $0.335, says Dow Jones.
"PARD is undervalued. The market is ignoring its other business," says OCBC Investment Research, which has Buy call with $0.40.
OCBC says while company's fishing, fishmeal, fish-oil operation more lucrative than its supply chain management business, yielding 38.3% EBITDA margin in June quarter vs latter's 8.2% margin, "we feel this huge discount is not warranted" as supply chain business is stable.
Despite current gains, lack of newsflow on company since release of June-quarter results last month may prompt short-term investors to pare holdings, although momentum may still be supported near term by recent keen interest in Singapore lower liners.
Resistance tipped at $0.36 (May 5 high).

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