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.