Lai has, however, maintained his target price of $1.23, due to the recent correction, which may have priced in negatives such as pricing pressure and demand uncertainty.
Maybank Kim Eng analyst Lai Gene Lih has upgraded his call on electronics manufacturer Hi-P International to “buy” from “hold” due to its continued improvement in environmental, social and corporate governance (ESG) factors.
See also: Raffles Medical Group upgraded to 'buy' on improved risk-reward: Maybank
