KUALA LUMPUR (Nov 5): Maybank Kim Eng analyst Shao Yang Yin downgraded the recommendation on Genting Malaysia Bhd to hold from buy.
* Price target (PT) lowered to RM4.40 from RM5.70, implies 3.1% decrease from last close. Genting Malaysia average PT is RM5.91.
* Genting Malaysia had 18 buys, 3 holds, 0 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 2.5 percent in the past three months. Forecasts range from RM4.40 to RM8.
Performance Metrics
* Investors who followed Yin's recommendation would have received a negative 11 percent return in the past year, compared with the negative 5.4 percent return on the shares.