KUALA LUMPUR (Nov 27): Credit Suisse analyst Danny Chan downgraded the recommendation on Genting Malaysia Bhd to neutral from outperform.
* Price target (PT) lowered to RM3.40 from RM5.50, implies 11% increase from last close. Genting Malaysia average PT is RM4.32.
* Genting Malaysia had 6 buys, 5 holds, 9 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 28 percent in the past three months. Forecasts range from RM3 to RM6.50.
Performance Metrics
* Investors who followed Chan's recommendation would have received a negative 27 percent return in the past year, the same as the company's performance.
* In the past three years and three months, Credit Suisse has rated Genting Malaysia outperform once and neutral once.
* The shares fell 35 percent in the period rated outperform and rose 11 percent in the period rated neutral.