Sunday 19 May 2024
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KUALA LUMPUR (Jan 23): Maybank Kim Eng analyst Ivan Yap upgraded the recommendation on VS Industry Bhd to hold from sell.

* Price target (PT) set to 82 sen. VS Industry average PT is RM1.06.

* VS Industry had 1 buy, 5 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 40 percent in the past three months. Forecasts range from 82 sen to RM1.45.

Performance Metrics

* Investors who followed Yap's recommendation would have received a negative 23 percent return in the past year, compared with the negative 65 percent return on the shares.

* In the past one year and 11 months, Maybank has rated VS Industry sell once and buy once.

* The shares fell 4.3 percent in the period rated sell and fell 36 percent in the period rated buy.

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