<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 19): Maybank Kim Eng analyst Kevin Wong upgraded the recommendation on Berjaya Food Bhd to buy from hold.</p></div>

<div class=newsTextDataWrapInner><p>* Price target (PT) set to RM1.70. Berjaya Food average PT is RM1.60.</p></div>

<div class=newsTextDataWrapInner><p>* Berjaya Food had 3 buys, 4 holds, 0 sells previously: Bloomberg data</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Analysts lowered their consensus one-year target price for the stock by 13 percent in the past three months. Forecasts range from RM1.44 to RM2.05.</p></div>

<div class=newsTextDataWrapInner><p>Performance Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Investors who followed Wong's recommendation would have received an 18 percent return in the past year, compared with the negative 9.3 percent return on the shares.</p></div>

<div class=newsTextDataWrapInner><p>* Berjaya Food reported earnings that trailed estimates for the quarter on Sep 18.</p></div>

<div class=newsTextDataWrapInner><p>Catalysts and Recent events</p></div>

<div class=newsTextDataWrapInner><p>* The next annual meeting is on Oct 2.</p></div>


KUALA LUMPUR (Sept 19): Maybank Kim Eng analyst Kevin Wong upgraded the recommendation on Berjaya Food Bhd to buy from hold.

* Price target (PT) set to RM1.70. Berjaya Food average PT is RM1.60.

* Berjaya Food had 3 buys, 4 holds, 0 sells previously: Bloomberg data

*...

Berjaya Food upgraded to buy at Maybank; price target RM1.70

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China’s top diplomat Wang Yi warned his American counterpart that problems are mounting between the world’s largest economies, as the US threatens Beijing with sanctions for its support of Russia.

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US Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the US economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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<p class="thumb-cap">E...

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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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