KUALA LUMPUR Jan 11 OSK Investment Research on
Friday downgraded to neutral its recommendation on Malaysian
energy services firm KNM Group Bhd (KNMP.KL).
KNM's share price has rallied to near OSK's target price
and an acquisition of a Belgian process equipment manufacturer
for about 96 million Malaysian ringgit ($29.38 million) has
brought risks to the firm, OSK said.
KNM shares last traded at 7.90 ringgit. OSK has a target
price of 8.50 ringgit on the stock.
(Reporting by Hsu Chuang Khoo; Editing by Naveen Thukral)