(May 9): UOB Kay Hian analyst Abdul Hadi Manaf upgraded the recommendation on Ann Joo Resources Bhd to hold from sell.

* Price target (PT) set to RM1.50, implies 9.1% decrease. Ann Joo average PT is RM1.40.

* Ann Joo had 0 buys, three holds, four sells previously: Bloomberg data.

* Analysts lowered their consensus one-year target price for the stock by 28% in the past six months. Forecasts range from RM1.25 to RM1.54.

Performance Metrics

* Investors who followed Manaf's recommendation would have received a negative 36% return in the past year, compared with the negative 33% return on the shares.