KUALA LUMPUR: Kenanga Research expects the recent strong price rebound to have priced in the earnings recovery and is unlikely to continue in the final quarter of the year.
The research house, which downgraded the stock to "market perform", said 9MFY20 was disappointing as the core loss of RM1.28bil in the period was higher than its and consensus full-year estimate of RM740.6mil and RM824.3mil.
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