KUALA LUMPUR (Oct 8): UOB Kay Hian analyst Keith Wee downgraded the recommendation on Public Bank Bhd to hold from buy.
* Price target (PT) lowered to RM25.80 from RM26.45. Public Bank average PT is RM24.93.
* Public Bank had 9 buys, 12 holds, 2 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 0.4 percent in the past three months. Forecasts range from RM19.80 to RM29.10.
Performance Metrics
* Investors who followed Wee's recommendation would have received a 29 percent return in the past year, compared with the 25 percent return on the shares.