KUALA LUMPUR (July 23): Maybank Kim Eng analyst Ivan Yap upgraded the recommendation on ViTrox Corp Bhd to buy from hold.
* Price target (PT) raised to RM6.50 from RM5, implies 19% increase from last close. ViTrox average PT is RM5.77
* ViTrox had 1 buy, 2 holds, 0 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 1.6 percent in the past three months. Forecasts range from RM3.58 to RM6.50.
Performance Metrics
* Investors who followed Yap's recommendation would have received a negative 12 percent return in the past year, compared with the 42 percent return on the shares.
http://www.theedgemarkets.com/article/vitrox-upgraded-buy-maybank
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