Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 27): KAF Seagroatt & Campbell analyst Joe Vuei Wong downgraded the recommendation on Genting Malaysia Bhd to hold from buy.

* Price target (PT) lowered to RM3.30 from RM5.40, implies 8.2% increase. Genting Malaysia average PT is RM4.22.

* Genting Malaysia had 6 buys, 5 holds, 9 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 30 percent in the past three months. Forecasts range from RM3 to RM6.50. 

Performance Metrics

* Investors who followed Wong's recommendation would have received a negative 34 percent return in the past year, compared with the negative 27 percent return on the shares. 

* In the past one year and three months, KAF Seagroatt & Campbell has rated Genting Malaysia buy once and hold once.

* The shares fell 46 percent in the period rated buy and fell 5.8 percent in the period rated hold. 


 

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