• Technical BUY on breakout with +28.4% potential return
• Last price: RM0.495
• Target price: RM0.585, RM0.655
• Support: RM0.465
• Stop-loss: RM0.46

BUY on breakout with a target price of RM0.655 and stop-loss at RM0.46. A breach of the breakout level at RM0.51 would likely spur further buying and potentially catapult the stock higher. This is supported by a bullish crossover in the MACD and a positive reading in the RSI which indicate strong momentum to push share price higher. We peg our targets at RM0.585 and RM0.655 if the stock penetrates the breakout level of RM0.51.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 6 Jul 2017