Bursa Malaysia Stock Watch
CIMB cuts Malaysia auto sector to 'neutral'
kltrader
Publish date: Mon, 18 Apr 2011, 02:43 PM
kltrader
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Malaysia's automotive industry was downgraded at CIMB Investment Bank Bhd to reflect concerns that vehicle assemblers will be hurt by a supply shortage of components following Japan's earthquake and tsunami.
The auto sector was cut to 'neutral' from 'overweight,' Loke Wei Wern, an analyst at CIMB, wrote in a report today. UMW Holdings Bhd. was downgraded to 'neutral' from overweight,' the report said. - Bloomberg
The auto sector was cut to 'neutral' from 'overweight,' Loke Wei Wern, an analyst at CIMB, wrote in a report today. UMW Holdings Bhd. was downgraded to 'neutral' from overweight,' the report said. - Bloomberg
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