PLUS shares riding high on positive ratings by analysts

PLUS Expressways Bhd shares have risen about 5% this month on a spate of rating upgrades by analysts and positive news flow, outperforming the main index by nearly 11.5% over the past three months. 

Analysts said despite its recent price upsurge, the stock was expected to continue to head north as investors sought counters with a high degree of earnings certainty coupled with decent dividend returns.