Bursa Malaysia Stock Watch

Top Glove, Kossan downgraded

kltrader
Publish date: Fri, 09 Apr 2010, 11:13 PM
kltrader
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Top Glove Corp and Kossan Rubber Industries Bhd had their stock ratings downgraded at AmResearch Sdn Bhd to reflect concerns growth in demand for gloves has peaked and profit margins may narrow.

The companies were both cut to 'hold' from 'buy,' AmResearch said in a report today. Top Glove's share estimate is RM12.50 and Kossan RM7.65, it said. -- Bloomberg
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