Thursday 28 Mar 2024
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KUALA LUMPUR (July 23): UOB Kay Hian analyst Keith Wee downgraded the recommendation on Bursa Malaysia Bhd to sell from hold.

* Price target (PT) set to RM6.72, implies 15% decrease from last close. Bursa Malaysia average PT is RM7.68.

* Bursa Malaysia had 7 buys, 6 holds, 1 sell previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 1.9 percent in the past three months. Forecasts range from RM5.67 to RM9.30.
 
Performance Metrics

* Investors who followed Wee's recommendation received a 0 percent return in the past year, compared with a 22 percent return on the shares. 

Catalysts and Recent events

* The next earnings announcement is expected on Jul 30.
 

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