Bursa Malaysia Stock Watch
PROTON - Proton downgraded to 'hold' at UOB
kltrader
Publish date: Fri, 19 Nov 2010, 10:35 AM
kltrader
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Stock Name: PROTON
Company Name: PROTON HOLDINGS BHD
Research House: UOB
Proton Holdings Bhd, a state-controlled carmaker, was downgraded at UOB Kay Hian (Malaysia) Holdings Sdn Bhd on concerns over future research and development grants and possible earnings dilution from becoming a potential Formula One title sponsor.
The stock was cut to "hold" from "buy" and its share price estimate reduced to RM5.20 from RM5.60, UOB said in a report today. -- Bloomberg
Company Name: PROTON HOLDINGS BHD
Research House: UOB
Proton Holdings Bhd, a state-controlled carmaker, was downgraded at UOB Kay Hian (Malaysia) Holdings Sdn Bhd on concerns over future research and development grants and possible earnings dilution from becoming a potential Formula One title sponsor.
The stock was cut to "hold" from "buy" and its share price estimate reduced to RM5.20 from RM5.60, UOB said in a report today. -- Bloomberg
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