KUALA LUMPUR (Aug 16): Maybank Kim Eng analyst Tan Chi Wei downgraded the recommendation on Petronas Gas Bhd to hold from buy.
* Price target (PT) set to RM19.50, implies 4.5% increase from last close. Petronas Gas average PT is RM18.94.
* Petronas Gas had 4 buys, 7 holds, 3 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 0.9 percent in the past three months. Forecasts range from RM15.70 to RM22.80.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 3 percent return in the past year, the same as the company's performance.