Our technical indicators had identified a pure play sea freight company, KGW Group as TOP PICKS due to the stock being strongly supported at RM0.200 level with diminishing selling pressure ahead as evidenced by the volume traded in the past 5 days. We believe that further tests on RM0.200 key support level.

We see strong upside potential with short term resistance at RM0.225 level and mid-term resistance level at RM0.260 level. Fundamentally, we believe KGW Group, driven by elevated sea freight rates globally, should deliver good profits in the coming quarters. We continue to recommend BUY for the company.