KUALA LUMPUR (July 3): Parkson Holdings Bhd and CapitaMalls Malaysia Trust fell after consulting firm Retail Group Malaysia (RGM) cut its 2015 sales growth forecast for Malaysia.

According to a report by The Edge Financial Daily today, RGM cut its growth forecast to 4% from 4.9%. It was reported that RGM foresaw consumers holding  back spending, on higher cost of living and expectations of higher retail prices on a weaker ringgit.

At 12:30pm, Parkson (fundamental: 1.8; valuation: 1.7) fell two sen or 1.3% to RM1.55, with 618,700 shares traded.

Meanwhile, Capitamalls (fundamental: 1.8; valuation: 2) fell one sen or 0.7% to RM1.34, with some 1.4 million shares done.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)