KUALA LUMPUR (Feb 26): UOB Kay Hian analyst Bit Kun Yeoh downgraded the recommendation on Globetronics Technology Bhd to hold from buy.
* Price target (PT) set to RM1.85, implies 4.6% decrease. Globetronics average PT is RM2.24.
* Globetronics had 4 buys, 4 holds, 1 sell previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 17 percent in the past three months. Forecasts range from RM1.55 to RM3.15.
Performance Metrics
* Investors who followed Yeoh's recommendation would have received a 26 percent return in the past year, compared with the negative 24 percent return on the shares.