Stock Name: KNM
Company Name: KNM GROUP BHD
Research House: JP MORGAN CHASE
KNM Group Bhd had its stock rating downgraded at JPMorgan Chase & Co after a group led by BlueFire Capital Group Ltd failed in its takeover bid for the Malaysian oil and gas services provider.
The stock was cut to "underweight" from "neutral," JPMorgan analyst Nicole Goh said in a report dated April 14.
The share price estimate was reduced to 66 sen from 90 sen.
The shares of KNM fell 10 per cent to close at 66 sen, its steepest decline since December 5, 2008. -- Bloomberg
Company Name: KNM GROUP BHD
Research House: JP MORGAN CHASE
KNM Group Bhd had its stock rating downgraded at JPMorgan Chase & Co after a group led by BlueFire Capital Group Ltd failed in its takeover bid for the Malaysian oil and gas services provider.
The stock was cut to "underweight" from "neutral," JPMorgan analyst Nicole Goh said in a report dated April 14.
The share price estimate was reduced to 66 sen from 90 sen.
The shares of KNM fell 10 per cent to close at 66 sen, its steepest decline since December 5, 2008. -- Bloomberg
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