Friday 29 Mar 2024
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KUALA LUMPUR (July 3): Kenanga Investment Bank Bhd analyst Adrian Ng downgraded the recommendation on Malaysia Airports Holdings Bhd (MAHB) to market perform from outperform.

* Price target (PT) set to RM8.70, implies 1% increase. MAHB average PT is RM9.05.

* MAHB had 16 buys, 4 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from RM6.60 to RM10.50. 

Performance Metrics

* Investors who followed Ng's recommendation would have received a 34 percent return in the past year, compared with the 0.3 percent return on the shares.

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