KUALA LUMPUR (Aug 29): CIMB analyst Walter Aw downgraded the recommendation on Karex Bhd to reduce from hold.

* Price target (PT) lowered to 50 sen from 61 sen. Karex average PT is 44 sen.

* Karex had 0 buys, 1 hold, 7 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 48 percent in the past three months. Forecasts range from 29 sen to 54 sen.

Performance Metrics

* Investors who followed Aw's recommendation would have received a 42 percent return in the past year, compared with the negative 50 percent return on the shares.

* In the past two years and four months, CIMB has rated Karex hold four times, reduce twice and add once.

* The shares fell an average 8.9 percent in the periods rated hold, fell an average 30 percent in the periods rated reduce and fell 4.6 percent in the period rated add.