KUALA LUMPUR (June 24): Maybank Kim Eng analyst Adrian Wong upgraded the recommendation on Lingkaran Trans Kota Holdings Bhd to buy from hold.
* Price target (PT) raised to RM5.21 from RM3.90, implies 24% increase from last close. Lingkaran Trans Kota average PT is RM4.39.
* Lingkaran Trans Kota had 1 buy, 2 holds, 0 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 7.7 percent in the past three months. Forecasts range from RM4.08 to RM5.21.
Performance Metrics
* Investors who followed Wong's recommendation received a 0 percent return in the past year, compared with a 0.1 percent return on the shares.