February 17, 2011

IOICORP - IOI downgraded to 'market perform'

Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Research House: RHB

IOI Corp, the Malaysian palm oil producer, was downgraded to “market perform” from “outperform” at RHB Research Institute Sdn Bhd, citing lower- than-expected second-quarter earnings.

Its share price estimate was cut to RM6.70 from RM7.65, RHB analyst Hoe Lee Leng said in a report today. - Bloomberg

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