TA Securities cuts Amway's earnings and target price; downgrades stock to 'hold'

KUALA LUMPUR (March 6): TA Securities Research has cut Amway (Malaysia) Holdings Bhd’s earnings forecasts by 16.1%, 19.2% and 18%, for the financial year ending Dec 31, 2023 (FY2023), FY2024 and FY2025 respectively, after changing its assumptions on foreign exchange (forex) rates.

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