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.