Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 3): Credit Suisse analyst Danny Chan upgraded the recommendation on My E.G. Services Bhd to outperform from neutral.

Chan raised the target price to RM2.70 from RM2.10, implying a 10 percent increase from the last regular trade. The target is 9.1 percent above the consensus average of RM2.47. My E.G. had 3 buy recommendations, 4 holds and 0 sells previously.

Investors who followed Chan's recommendation would have received a 22 percent return in the past year, compared with the 48 percent return on the shares.

In the past one year and five months, Credit Suisse has rated My E.G. neutral once and outperform once. The shares rose 33 percent in the period rated neutral and rose 54 percent in the period rated outperform.

Analysts raised their consensus one-year target price for the stock by 7.5 percent in the past three months. Forecasts range from RM1.87 to RM3.04.

 

     

 

 

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