KUALA LUMPUR (Feb 19): RHB Research Institute analyst Lim Sin Kiat downgraded the recommendation on Petronas Gas Bhd to sell from neutral.
* Price target (PT) lowered to RM15.39 from RM18.84, implies 15% decrease. Petronas Gas average PT is RM17.98.
* Petronas Gas had 0 buys, 10 holds, 4 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past six months. Forecasts range from RM15 to RM20.10.
* Investors who followed Lim's recommendation received a 0 percent return in the past year, compared with a 7.5 percent return on the shares.