Genting Plantations raised to buy at AmInvestment Bank

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KUALA LUMPUR (Sept 7): AmInvestment Bank analyst Gan Huey Ling upgraded the recommendation on Genting Plantations Bhd to buy from hold.

* Price target (PT) raised to RM11.20 from RM10.40. Genting Plantations average PT is RM10.78.

* Genting Plantations had 11 buy, 9 holds, 0 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 5.1 percent in the past three months. Forecasts range from RM9.20 to RM14.14. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 4 percent return in the past year, compared with the negative 8.3 percent return on the shares.