Wednesday, September 30, 2009

CIMB, Gamuda, IOI Corp, Sime Darby, Tenaga,TM, Kencana, Sapcres, KAsia

TA Securities has downgraded major Malaysian stocks to "sell" because of higher probability for more significant profit-taking correction ahead.

The downgraded stocks include CIMB, Gamuda, IOI Corp, Sime Darby, Tenaga and TM .

The research firm also has a “maintain sell or take profit" call on Kencana Petroleum, SapuraCrest and Kurnia Asia for further correction from recent gains.


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