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KUALA LUMPUR (November 27): Joe Vuei Wong, an analyst at KAF Seagroatt & Campbell, downgraded the recommendation for Genting Malaysia Bhd not to buy.
* The target price (PT) is lowered to RM3.30 from RM5.40, an increase of 8.2%. Genting Malaysia PT average is RM4.22.
* Genting Malaysia had 6 purchases, 5 taken, 9 sales previously: Bloomberg data
* Analysts lowered their share price consensus target by 30% for the year-over-year stock over the last three months. Forecasts range from RM3 to RM6.50.
Performance indicators
* Investors following Wong's recommendation would have received a negative return of 34% over the past year, compared to the negative 27% return on equities.
* In the last three months, KAF Seagroatt & Campbell has ranked Genting Malaysia at one time.
* Stocks fell 46% during the listed period and 5.8% during the period listed in the portfolio.
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