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

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.

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