Stock Downgraded: Man Wah to "neutral" by Kim Eng

Man Wah Holdings Ltd may ease after Kim Eng Securities unit Kelive downgraded its rating for the stock to "neutral" from "buy", because it sees limited upside in the share price. "Man Wah has appreciated by over 70 pct since our initial coverage in January 2006, and surpassed our last target price of 0.55 sgd," Kelive said in a note to clients. Man Wah closed down 0.015 sgd at 0.595 yesterday.