Lingui Developments Bhd, a Malaysian timber, plantations and property group, fell the most in 17 months in Kuala Lumpur trading after reporting a RM28.1 million first-quarter loss.
Its shares dropped 7.1 percent to RM1.43 at 9:15 a.m. local time, set for their biggest decline since May 25, 2010.
The stock was downgraded to “underperform” from “market perform” at RHB Capital Bhd, analyst Toh Woo Kim wrote in a report today. -- Bloomberg
Its shares dropped 7.1 percent to RM1.43 at 9:15 a.m. local time, set for their biggest decline since May 25, 2010.
The stock was downgraded to “underperform” from “market perform” at RHB Capital Bhd, analyst Toh Woo Kim wrote in a report today. -- Bloomberg
