KUALA LUMPUR (May 17): Maybank Kim Eng analyst Adrian Wong downgraded the recommendation on Sunway Construction Group Bhd to sell from hold.

* Price target (PT) lowered to RM1.60 from RM1.70, implies 18% decrease from
last close. Sunway Construction average PT is RM1.76.

* Sunway Construction had 4 buys, 7 holds, 3 sells previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 8.7 percent in the past three months. Forecasts range from RM1.11 to RM2.30. 

Performance Metrics

* Investors who followed Wong's recommendation received a 0 percent return in the past year, compared with a negative 6.2 percent return on the shares.