SINGAPORE (May 23): Nomura analyst Gopa Kumar downgraded the recommendation on Telekom Malaysia Bhd to reduce from neutral.

* Price target (PT) lowered to RM3.75 from RM6.60, implies 11% decrease from last close. Telekom Malaysia average PT is RM6.16

* Telekom Malaysia had 15 buys, 10 holds, 2 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 9.2 percent in the past three months. Forecasts range from RM3.64 to RM7.90. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 5.9 percent return in the past year, compared with the negative 33 percent return on the shares. 

* In the past two years and one month, Nomura has rated Telekom Malaysia neutral once and buy once.
 
* The shares fell 30 percent in the period rated neutral and fell 10 percent in the period rated buy. 

* Telekom Malaysia reported earnings that trailed estimates for the quarter on May 22.