• Technical BUY on breakout with +42.3% potential return
• Last price: RM0.23
• Target price: RM0.315, RM0.37
• Support: RM0.215
• Stop-loss: RM0.21

BUY on breakout with a target price of RM0.37 and stop-loss at RM0.21. Share price was consolidating within the immediate support of RM0.215 before last Friday’s positive closing above the BBI sets a new tone for the short-term outlook. We expect SCP to continue to rise once it penetrates the breakout level of RM0.26. The bullish bias has been established following an uptick in the DMI. We peg our targets at RM0.315 and RM0.37.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 10 Jul 2017