<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 27): RHB Research has downgraded Malaysian Bulk Carriers Bhd to Neutral (from Buy) at RM1.40 with a lower target price of RM1.30 and said the company’s earnings came in below house estimates on the weak freight rate environment.</div>

<div class=newsTextDataWrapInner>In a note Thursday, the research house said freight rate volatility would continue to persist on fading demand and renewed concerns of an oversupply, as reflected by the drop in asset prices.</div>

<div class=newsTextDataWrapInner>“FY14/FY15/FY16 earnings trimmed by 44%/37%/35% as we cut our freight rate assumptions,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Nov 27): RHB Research has downgraded Malaysian Bulk Carriers Bhd to Neutral (from Buy) at RM1.40 with a lower target price of RM1.30 and said the company’s earnings came in below house estimates on the weak freight rate environment.

In a note Thursday, the research house s...

RHB Research downgrades Maybulk to Neutral, lowers target price to RM1.30 

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