June 24, 2010

TANJONG - Tanjong downgraded by Credit Suisse

Stock Name: TANJONG
Company Name: TANJONG PUBLIC LIMITED COMPANY
Research House: CREDIT SUISSE

Tanjong Plc, a power and gaming group was cut to "neutral" from "outperform" by Credit Suisse Group AG analyst Tan Ting Min, who said the company will face "strong headwinds."

The brokerage cut its share-price estimate to RM17.4 from RM18.60.

The company lost 1 per cent to RM17.92, the most since June 1. - Bloomberg



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