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RHBCap downgraded to 'hold'

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RHBCap downgraded to 'hold'

Post by hlk Mon 27 Jun 2011, 18:01

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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