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.