KUALA LUMPUR (June 25): Maybank Kim Eng analyst Shao Yang Yin downgraded the recommendation on Magnum Bhd to hold from buy.
* Price target (PT) set to RM2.25, implies 4.2% increase from last close. Magnum average PT is RM2.16
* Magnum had 3 buys, 4 holds, 1 sell previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 8.7 percent in the past three months. Forecasts range from RM2 to RM2.30.
* Investors who followed Yin's recommendation would have received a 37 percent return in the past year, compared with the 35 percent return on the shares.