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Author: savemalaysia   |   Latest post: Wed, 27 May 2020, 6:59 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.




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  Be the first to like this.
10/01/2019 4:30 PM
speakup fark u morgan stanley! fark u!
10/01/2019 5:29 PM
pputeh Morgan stan has a bunch of idiots working there.
10/01/2019 8:00 PM
RainT time for me to buy for long long term invest
10/01/2019 11:13 PM

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