Bloomberg News

IJM Declines Most in Week After UOB-Kay Hian Downgrades Stock

October 04, 2011

Oct. 4 (Bloomberg) -- IJM Corp., a Malaysian builder, fell the most in a week after its rating was cut to “sell” from “hold” at UOB-Kay Hian Holdings Ltd., which cited the stock’s “rich valuations.”

The stock dropped 5.9 percent to 4.60 ringgit at 4:42 p.m. local time in Kuala Lumpur trading, set for its steepest decline since Sept 26.

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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