Friday, November 28, 2008

Morgan Stanley slashes Maybank target price

MORGAN Stanley slashed its target price for Malayan Banking Bhd (1155) , the country's biggest bank, by more than 50 per cent, warning that more profit 
downgrades could be in the offing. 

Its target price is now RM3.70 a share from RM8 before. Maybank faces multiple risks, among them aggressive lending into the Singapore property market that may result in unanticipated additional loan-loss charges.

http://www.btimes.com.my/Current_News/BTIMES/articles/maybuy/Article/index_html


WORLD TIME