KUALA LUMPUR (Aug 29): Credit Suisse analyst Joanna Cheah downgraded the recommendation on Heineken Malaysia Bhd to underperform from neutral.
* Price target (PT) lowered to RM17.50 from RM19. Heineken Malaysia average PT is RM22.75.
* Heineken Malaysia had 2 buys, 7 holds, 0 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from RM17.50 to RM25.50.
Performance Metrics
* Investors who followed Cheah's recommendation received a 0 percent return in the past year, compared with a 24 percent return on the shares.