Stock Upgraded: Man Wah upgraded to buy by Kim Eng securities!

Man Wah Holdings Ltd may gain after Kim Eng Securities unit Kelive raised its rating on the Hong Kong-based sofa maker to "buy" from "hold," with a target price of 0.55 sgd. DMG & Partners Securities also changed its rating on Man Wah to "buy" from "hold," with a target price of 0.60 sgd. Man Wah rose 0.020 sgd to close at 0.450 on Friday.