• Technical BUY with +22.0% potential return
• Last price: RM0.87
• Target price: RM0.995, RM1.08
• Support: RM0.83
• Stop-loss: RM0.825

BUY with a target price of RM1.08 and stop-loss at RM0.825. Currently, the stock is trading sideways between RM0.83-0.88 and we expect it to chalk a higher high once it breaks above RM0.885. This is supported by the 7-day EMA crossing above the 21-day EMA, which indicates a bullish signal. This is also consistent with the uptick in the RSI, which suggests stronger buying momentum ahead. Additionally, the bullish crossover in +DI and ADX line suggests strong upward movements. We peg our targets at RM0.995 and RM1.08 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 29 May 2017