How useful are the equity analysts’ report? evidence from Malaysia

• Main Authors: Mohd Thas Thaker, Hassanudin, Mohamad, Azhar, Mustaffa Kamil, Nazrol Kamil, Duasa, Jarita
• Format: Article
• Language: English
• Published: HIKARI Ltd. 2018
• Subjects: HD2321 Industry; HG Finance; HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/65915/1/65915_How%20Useful%20Are%20the%20Equity.pdf; http://irep.iium.edu.my/65915/; http://www.m-hikari.com/ref/ref2018/ref1-4-2018/p/thakerREF1-4-2018-2.pdf

Using 657 Malaysian sell-side analyst recommendations from January 2010 until December 2015, this paper documents the usefulness of equity analyst reports to investors. The research findings revealed that target price and earnings forecast had a significant association with stock return. However,...