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KUALA LUMPUR (Nov. 29): Simon Cheung, an analyst at Goldman Sachs, downgraded the recommendation on Genting Malaysia Bhd to neutral of the purchase.
* Target price (PT) lowered to RM3.60 from RM4.90. Genting Malaysia PT average is RM3.89.
* Genting Malaysia had 4 purchases, 8 catches, 8 previous sales: Bloomberg data
* Analysts reduced their one-year consensus target by 35% over the past three months. Forecasts range from RM2.70 to RM6.50.
Performance indicators
* Investors who have followed Cheung's recommendation would have received a negative return of 41% over the last year, compared to the negative return of 40% of the shares.
* Over the last four months, Goldman has ranked Genting Malaysia on one time and neutral at a time.
* Shares fell 43% over the period listed buy and 14% in neutral period
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