Fook Woo Raised to ‘Buy’ From ‘Neutral’ at UBS After Stock Drop

Fook Woo Group Holdings Ltd. was raised to “buy” from “neutral” at UBS AG, which said that a recent decline in the shares “provides a good entry point” for investors as the company’s long-term prospects remain unchanged.

The brokerage maintained its share-price estimate of HK$3.20, according to a report by Spencer Leung.

To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

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