KUALA LUMPUR (Sept 19): KAF Seagroatt & Campbell analyst Cheryl Tan downgraded the recommendation on British American Tobacco (Malaysia) Bhd  (BAT Malaysia) to hold from buy.

* Price target (PT) lowered to RM36.50 from RM39.45. BAT Malaysia average PT is RM33.75.

* BAT Malaysia had 9 buys, 5 holds, 4 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 5.1 percent in the past three months. Forecasts range from RM22.50 to RM43.10. 

Performance Metrics

* Investors who followed Tan's recommendation would have received a 32 percent return in the past year, compared with the negative 21 percent return on the shares.

* In the past one year and seven months, KAF Seagroatt & Campbell Bhd has rated BAT Malaysia buy twice, hold twice and sell once.

* The shares rose an average 1 percent in the periods rated buy, fell an average 3.9 percent in the periods rated hold and fell 26 percent in the period rated sell.