Stock Name: GAB
Company Name: GUINNESS ANCHOR BHD
Maybank Research lowered its call on Malaysian Guinness Anchor Bhd to "hold" from "buy" on uncertainty on dividend payouts.
"Without further clarity on increased dividends funded by its debt instruments, we see little impetus for the share price at this stage," said the broker in a research note on Thursday.
Maybank said Guinness' management has been coy on announcing dividend payouts and only confirmed that funds would be mainly used for capital expenditure.
Maybank kept its target price for Guinness unchanged at RM13.50 per share. -- Reuters
Company Name: GUINNESS ANCHOR BHD
| Research House: MACQUARIE GROUP | Price Call: HOLD | Target Price: 13.50 |
Maybank Research lowered its call on Malaysian Guinness Anchor Bhd to "hold" from "buy" on uncertainty on dividend payouts.
"Without further clarity on increased dividends funded by its debt instruments, we see little impetus for the share price at this stage," said the broker in a research note on Thursday.
Maybank said Guinness' management has been coy on announcing dividend payouts and only confirmed that funds would be mainly used for capital expenditure.
Maybank kept its target price for Guinness unchanged at RM13.50 per share. -- Reuters
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