KUALA LUMPUR (Nov 29): Goldman Sachs analyst Simon Cheung downgraded the recommendation on Genting Malaysia Bhd to neutral from buy.
* Price target (PT) lowered to RM3.60 from RM4.90. Genting Malaysia average PT is RM3.89.
* Genting Malaysia had 4 buys, 8 holds, 8 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 35 percent in the past three months. Forecasts range from RM2.70 to RM6.50.
Performance Metrics
* Investors who followed Cheung's recommendation would have received a negative 41 percent return in the past year, compared with the negative 40 percent return on the shares.
* In the past one year and four months, Goldman has rated Genting Malaysia buy once and neutral once.
* The shares fell 43 percent in the period rated buy and fell 14 percent in the period rated neutral.