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Tuesday, April 5, 2011

Bursa Malaysia - WTK slides after RHB downgrade TP to RM1.56

Stock Name: WTK
Company Name: WTK HOLDINGS BHD
Research House: RHB

WTK Holdings Bhd, a Malaysian timber producer, fell in Kuala Lumpur trading as RHB Research Institute Sdn Bhd cut its rating on the stock because of its limited upside after rallying 65 per cent since the Japan earthquake on March 11.

The shares slid 1.9 per cent to RM2.04 at 9:22 a.m. local time, set for their steepest decline since March 31.

The stock rating was reduced to “market perform” from “outperform,” RHB said in a report today. -- Bloomberg

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