KUALA LUMPUR (June 8): Credit Suisse analyst Joanna Cheah upgraded the recommendation on Mah Sing Group Bhd to outperform from neutral.
* Price target (PT) raised to RM1.50 from RM1.33. Mah Sing average PT is RM1.34
* Mah Sing had 8 buys, 8 holds, 0 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 15 percent in the past three months. Forecasts range from RM1.10 to RM2.03.
Performance Metrics
* Investors who followed Cheah's recommendation received a 0 percent return in the past year, compared with a negative 26 percent return on the shares.