KLK - KL Kepong downgraded to 'hold' at ECM

Stock Name: KLK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: ECMLIBRA

Kuala Lumpur Kepong Bhd., a Malaysian palm oil producer, was downgraded to “hold” from “trading buy” at ECM Libra Capital Sdn. on expectations that prices for the edible oil will fall.

Its share estimate was cut to 19.80 ringgit from 21.70 ringgit, analyst Bernard Ching said in a report today. - Bloomberg