CIMB Equities Research has downgraded Prestariang Bhd from Add to Reduce and also cut the target price from RM1.77 to only 26 sen.
PETALING JAYA: The share price of Prestariang Bhd continued to fall on news that it is taking the federal government to court over the termination of its RM3.5bil contract, shedding another 4 sen or 9%.
The stock fell to a low of 46 sen during the day before recovering to close at 48 sen yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
