KUALA LUMPUR (April 9): UOB Kay Hian analyst Chong Lee Len upgraded the recommendation on Telekom Malaysia Bhd to buy from hold.
* Price target (PT) set to RM5.80, implies 8.6% increase. Telekom Malaysia average PT is RM6.66
* Telekom Malaysia had 14 buys, 12 holds, 1 sell previously
* Analysts lowered their consensus one-year target price for the stock by 2.4 percent in the past three months. Forecasts range from RM4.99 to RM7.90.
Performance Metrics
* Investors who followed UOB Kay Hian's recommendation would have received a negative 0.3 percent return in the past year, compared with the negative 13 percent return on the shares.