Parkway

Parkway: Macquarie cuts to Neutral from Outperform after 2Q net profit, raises target price to $3.95 from $3.45 to reflect Khazanah's unconditional GO. Highlights while earnings are healthy, corporate action takes precedence over results and advises shareholders to accept the Khazanah offer, which closes Monday, or risk facing an illiquid stock after the offers period close.