KUALA LUMPUR (Aug 24): CIMB analyst Mohd Shanaz Noor Azam downgraded the recommendation on GHL Systems Bhd to reduce from add.
* Price target (PT) lowered to RM1.31 from RM1.60. GHL Systems average PT is RM1.44.
* GHL Systems had 2 buys, 1 hold, 0 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 5.1 percent in the past three months. Forecasts range from RM1.31 to RM1.70.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 55 percent return in the past year, compared with the negative 4.1 percent return on the shares.
* In the past three years and 11 months, CIMB has rated GHL Systems add twice, hold twice and reduce once.
* The shares rose an average 83 percent in the periods rated add, fell an average 6 percent in the periods rated hold and fell 14 percent in the period rated reduce.