NST Online Business Times : latest
NST Online Business Times : latest |
| FBMKLCI year-end target cut to 1,660 Posted: 26 Jun 2011 06:58 PM PDT Maybank Investment Bank Bhd cut its year-end target for the benchmark FTSE Bursa Malaysia KLCI Index to 1,660 from 1,710. Global equities are expected to "remain volatile" in the second half of the year, analyst Wong Chew Hann wrote in a report today. This is due to concerns over the US economic recovery, sovereign debt crisis in the euro-zone, monetary tightening measures in China, and unrest in the Middle East and North Africa, Wong said. -- Bloomberg
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| Posted: 26 Jun 2011 06:56 PM PDT RHB Capital Bhd, a Malaysian lender, was downgraded to "hold" from "buy" at Maybank Investment Bank Bhd, which reduced the stock's valuation after bank merger talks were scrapped. The stock's share estimate was cut to RM9.40 from RM10.40, analyst Desmond Ch'ng wrote in a report today. -- Bloomberg |
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