KUALA LUMPUR (Feb 18): RHB Research Institute analyst Chiong Tong Chai upgraded the recommendation on Luxchem Corp Bhd to buy from neutral.

* Price target (PT) lowered to 62 sen from 69 sen, implies 13% increase.

* Luxchem had 1 buy, 1 hold, 0 sells previously: Bloomberg data

Performance Metrics

* Investors who followed the analyst's recommendation would have received a 15 percent return in the past year, compared with the negative 24 percent return on the shares.