VS Industry downgraded to hold at AmInvestment Bank; price target RM1.04

KUALA LUMPUR (March 4): AmInvestment Bank downgraded the recommendation on VS Industry Bhd to hold from buy.

* Price target (PT) set to RM1.04, implies 3.7% decrease. VS Industry average PT is 96 sen.

* VS Industry had 4 buys, 3 holds, 0 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 45 percent in the past three months. Forecasts range from 82 sen to RM1.45.

Performance Metrics

* Investors who followed AmInvestment’s recommendation would have received a 39 percent return in the past year, compared with the negative 53 percent return on the shares.

Source : TheEdgeMarkets