KUALA LUMPUR (Dec 11):  CIMB analyst Nigel Foo downgraded the recommendation on Prestariang Bhd to reduce from add.

* Price target (PT) lowered to 26 sen from RM1.77. Prestariang average PT is 35 sen.

* Prestariang had 1 buy, 0 holds, 1 sell previously: Bloomberg data

Performance Metrics

* Investors who followed Foo's recommendation would have received a negative 78 percent return in the past year, compared with the negative 67 percent return on the shares. 

* In the past five years and six months, CIMB has rated Prestariang add once and outperform once. 

* The shares fell 77 percent in the period rated add and rose 74 percent in the period rated outperform.