• Technical BUY on breakout with +26.3% potential return
• Last price: RM0.56
• Target price: RM0.695, RM0.745
• Support: RM0.515
• Stop-loss: RM0.51

BUY with a target price of RM0.89 and stop-loss at RM0.685. Based on the daily chart, the stock has consolidated lower and has been trading sideways for the past few weeks. We expect share price to continue to move up if it penetrates the breakout level of RM0.59. Positive DMI and MACD readings should translate into stronger momentum, which will in turn lift share price. We peg our targets at RM0.695 and RM0.745.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 6 Jul 2017