Friday 29 Mar 2024
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KUALA LUMPUR (July 26): Maybank Kim Eng analyst Kevin Wong downgraded the recommendation on Capitaland Malaysia Mall Trust to sell from hold.

* Price target (PT) lowered to RM1.10 from RM1.15, implies 11% decrease from last close. CapitaMalls Malaysia Trust average PT is RM1.25

* CapitaMalls Malaysia Trust had 2 buys, 8 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 16 percent in the past six months. Forecasts range from RM1 to RM1.55. 

Performance Metrics

* Investors who followed Wong's recommendation would have received a 8.7 percent return in the past year, compared with the negative 15 percent return on the shares. 

* In the past three years and six months, Maybank has rated CapitaMalls Malaysia Trust hold three times and buy three times.

* The shares fell an average 9.7 percent in the periods rated hold and rose an average 5.9 percent in the periods rated buy. 


 

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