July 16, 2010

AEON - Aeon Malaysia rating cut to 'neutral'

Stock Name: AEON
Company Name: AEON CO. (M) BHD
Research House: OSK



Aeon Co (M) Bhd, the Malaysian arm of a Japanese retailer, was cut to "neutral" from "buy" at OSK Research Sdn Bhd on concern it may need to shut one of its stores in Selangor state.

Its share forecast was reduced to RM5.42 from RM5.62, OSK said in a report today. -- Bloomberg



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