KUALA LUMPUR: Kenanga research has downgraded Aeon Co (M) Bhd to market perform as 1H19 earnings came in below expectations.
In a note, the research house slashed its target price on Aeon to RM1.70 from RM2.10 previously as first-half core net profit of RM55.6mil met only 39% and 42% of its and consensus full-year estimates.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!