KUALA LUMPUR (July 9): Maybank Kim Eng analyst Lee Yen Ling downgraded the recommendation on Top Glove Corp Bhd to hold from buy.
* Price target (PT) set to RM12.90, implies 6.6% increase from last close. Top Glove average PT is RM11.21
* Top Glove had 10 buys, 6 holds, 6 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from RM7.84 to RM13.50.
Performance Metrics
* Investors who followed the analyst's recommendation would have received a 24 percent return in the past year, compared with the 112 percent return on the shares.