Bursa Malaysia Stock Watch
Kencana downgraded to 'underperform'
kltrader
Publish date: Tue, 29 Jun 2010, 02:55 PM
kltrader
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Kencana Petroleum Bhd, a Malaysian oil and gas services provider, was downgraded to 'underperform' from 'market perform' at RHB Research Institute Sdn Bhd to reflect lower earnings assumptions.
RHB cut its earnings estimates for its 2010-12 financial years by 11 per cent to 19 per cent, the research house said in a report today. It also reduced its fair value to RM1.27 from RM1.52, RHB said. -- Bloomberg
RHB cut its earnings estimates for its 2010-12 financial years by 11 per cent to 19 per cent, the research house said in a report today. It also reduced its fair value to RM1.27 from RM1.52, RHB said. -- Bloomberg
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