(Feb 19): MIDF Amanah Investment Bank analyst Adam Mohamed Rahim downgraded the recommendation on Tiong Nam Logistics Holdings Bhd to sell from neutral.

* Price target (PT) lowered to 58 sen from 75 sen, implies 11% decrease.

* Tiong Nam Logistics had 0 buys, two holds, two sells previously: Bloomberg data.

Performance Metrics

* Investors who followed Adam's recommendation received a 0% return in the past year, compared with a negative 37% return on the shares.