KUALA LUMPUR (Aug 3): AmInvestment Bank analyst Alex Goh downgraded the recommendation on Telekom Malaysia Bhd to hold from buy.
* Price target (PT) lowered to RM3.80 from RM4.40, implies 1.1% increase. Telekom Malaysia average PT is RM4.
* Telekom Malaysia had 13 buys, 9 holds, 6 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 39 percent in the past three months. Forecasts range from RM3 to RM6.40.
* Investors who followed Goh's recommendation would have received a negative 37 percent return in the past year, the same as the company's performance.