UPDATE 1-Citigroup cuts target prices for Malaysia stocks

Newswire

(Adds details) KUALA LUMPUR, Oct 31 (Reuters) - Citigroup cut its target prices for most of the Malaysian stocks it covers, saying it believes the Malaysian market was in for another round of de-rating and higher risk premiums. The Malaysian market has lagged other regional bourses, bogged down by the poor performance of shares of government-linked companies, Citigroup said in a report. Malaysia's benchmark Kuala Lumpur Composite Index has risen 29 percent so far this year, hitting a ...

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