UEM Sunrise upgraded to buy at Maybank; price target 96 sen

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KUALA LUMPUR (July 18): Maybank Kim Eng analyst Wong Wei Sum upgraded the recommendation on UEM Sunrise Bhd to buy from hold.

* Price target (PT) set to 96 sen implies 20% increase from last close. UEM Sunrise average PT is 95 sen.

* UEM Sunrise had 6 buys, 7 holds, 0 sells previously: Bloomberg data

* Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from 76 sen to RM1.15.

Performance Metrics

* Investors who followed Wong's recommendation would have received an 18 percent return in the past year, compared with the 8.1 percent return on the shares.