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Author: savemalaysia   |   Latest post: Sat, 19 Jan 2019, 05:19 PM

 

Morgan Stanley downgrades Maybank, Public Bank, CIMB

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KUALA LUMPUR (Jan 10): Morgan Stanley downgraded Malayan Banking Bhd (Maybank) shares to equal-weight from overweight while CIMB Group Holdings Bhd and Public Bank Bhd recommendations were revised downward to underweight from equal-weight, Bloomberg reported today.

Bloomberg, quoting Morgan Stanley analyst Nick Lord, reported that Morgan Stanley lowered its Maybank target price (TP) to RM9.70 from RM10.30.

"Analysts lowered their consensus one-year target price for the stock by 2.8% in the past three months. Forecasts range from RM8.70 to RM11.70," Bloomberg reported.

At Bursa Malaysia today, Maybank shares were traded unchanged at RM9.47 at 10:20am.

Bloomberg said Morgan Stanley cut its Public Bank TP to RM21.80 from RM21.90.

"Analysts raised their consensus one-year target price for the stock by 1.4% in the past three months. Forecasts range from RM19.80 to RM29.10," the newswire reported.

Bloomberg said CIMB had 12 buy, 11 hold, 0 sell calls previously.

"Analysts lowered their consensus one-year TP for the stock by 3.1% in the past three months," the newswire said.

At Bursa Malaysia today, Public Bank shares rose four sen to RM24.72 at 10:21am while CIMB climbed one sen to RM5.66.

 

http://www.theedgemarkets.com/article/morgan-stanley-downgrades-maybank-public-bank-cimb

 

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Labels: MAYBANK, PBBANK, CIMB

Related Stocks

Chart Stock Name Last Change Volume 
MAYBANK 9.55 +0.14 (1.49%) 7,467,700 
PBBANK 24.80 +0.12 (0.49%) 4,592,400 
CIMB 5.67 +0.02 (0.35%) 4,821,400 

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calvintaneng BETTER DOWNGRADE QL RESOURCES
10/01/2019 16:30
speakup fark u morgan stanley! fark u!
10/01/2019 17:29
pputeh Morgan stan has a bunch of idiots working there.
10/01/2019 20:00
RainT time for me to buy for long long term invest
10/01/2019 23:13


 

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