Bursa Malaysia Stock Watch
Proton rating cut on spending concern
kltrader
Publish date: Thu, 23 Dec 2010, 09:15 AM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Proton Holdings Bhd, Malaysia's state-controlled carmaker, had its stock rating downgraded at RHB Research Institute Sdn Bhd on concern its spending to help turn around its Group Lotus Plc unit will 'pressure' its balance sheet and erode earnings.
The stock was cut to 'market perform' from 'outperform,' Loong Kok Wen, an analyst at RHB, said in a report today.
Loong also downgraded the Malaysian auto sector to 'neutral' from 'overweight.' -- Bloomberg
The stock was cut to 'market perform' from 'outperform,' Loong Kok Wen, an analyst at RHB, said in a report today.
Loong also downgraded the Malaysian auto sector to 'neutral' from 'overweight.' -- Bloomberg
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