IJMPLNT - IJM Plant downgraded to 'hold'

Stock Name: IJMPLNT
Company Name: IJM PLANTATIONS BHD
Research House: HWANGDBS

IJM Plantations Bhd, a Malaysian plantations company, had its stock rating downgraded to “hold” from “buy” at HwangDBS Vickers Research Sdn Bhd on an expected low dividend yield and forecast negative earnings growth over the next two years.

The share price estimate was cut to RM3.30 from RM3.80 on higher capital expenditure requirements and lower growth, HwangDBS said in a report today. -- Bloomberg