• Technical BUY with +34.7% potential return
• Last price: RM0.245
• Target price: RM0.305, RM0.33
• Support: RM0.20
• Stop-loss: RM0.195

BUY with a target price of RM0.33 and stop-loss at RM0.195. Share price was consolidating within the immediate support of RM0.20 before yesterday’s positive closing above the BBI sets a new tone for the short-term outlook. We expect MPSB to continue to make a new high towards our target. The bullish bias has been established following an uptick in the DMI and a bullish crossover in the MACD. We peg our targets at RM0.305 and RM0.33 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 30 Jun 2017