KL Kepong rating cut, at 2- year low

Publish date: Fri, 23 Sep 2011, 10:23 AM
Kuala Lumpur Kepong Bhd, a Malaysian plantation company, dropped the most in almost two years after the stock was downgraded at HwangDBS Vickers Research Sdn Bhd to reflect weaker earnings prospects.

Its shares lost 4 percent to RM20.36 at 10:17 a.m. local time, set for the steepest decline since Oct. 6, 2009.

HwangDBS downgraded the stock to "hold" from "buy" and reduced its share estimate to RM22.60 from RM25.35, it said in a report today. -- Bloomberg

Labels: KLK

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alanchinyikloon

we believe the KLK foundation still very strong.
we shall wait for the best time to buy later.

2011-09-23 17:46

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