KUALA LUMPUR (Nov 26): AmInvestment Bank analyst Gan Huey Ling downgraded the recommendation on FGV Holdings Bhd to sell from hold.
* Price target (PT) lowered to RM1.08 from RM1.69, implies 5.3% decrease. FGV average PT is RM1.66.
* FGV had 1 buy, 9 holds, 2 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 8.5 percent in the past three months. Forecasts range from RM1.08 to RM2.30.
Performance Metrics
* Investors who followed the analyst's recommendation received a 0 percent return in the past year, compared with a negative 35 percent return on the shares.