Forland fabritech is finished ! Even phillips securities downgraded it

Just few months ago , phillips still recommended a BUY for foreland with TP : 19.2c .
 
Now recommended a REDUCE rating , TP just 8c .
 
We do not foresee any catalyst in the near term. We see
little upside for growth, given that anecdotal results have
shown declining demand as well as plan of expansion is
also put on hold. We believe revenue and net profit will be
under pressure for the rest of this year. We cut our FY12
revenue and net profit by 22%. We also downgrade our
recommendation to Reduce with target price of $0.08, PE
peg of 2x FY12 earnings

Eh Zen, you posted the first item? U don't like this one?

After so long, it's been going up and now has hit 3.7 cents. Worth going in now? Wat you think?