(June 17): Maybank Kim Eng analyst Wong Wei Sum downgraded the recommendation on Eco World Development Group Bhd (EcoWorld) to hold from buy.

* Price target (PT) lowered to 94 sen from RM1.21, implies 11% increase from last close. EcoWorld average PT is RM1.18.

* EcoWorld had eight buys, three holds, 0 sells previously: Bloomberg data.

* Analysts lowered their consensus one-year target price for the stock by 9.5% in the past six months. Forecasts range from 94 sen to RM1.56.

Performance Metrics

* Investors who followed Wong's recommendation would have received a negative 33% return in the past year, the same as the company's performance.