Globetronics Tech raised to buy at RHB Research Institute
(Jan 16): RHB analyst Alexander Chia upgraded the recommendation on Globetronics Technology Bhd to buy from neutral.
* PT lowered to MYR1.87 from MYR2.42, implies 12% increase.
Globetronics Tech average PT is MYR2.23
* Globetronics Tech had 3 buys, 6 holds, 0 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 10% in the past three months. Forecasts range from MYR1.70 to MYR3.15.
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