• Technical BUY on breakout with +25.9% potential return
• Last price: RM0.58
• Target price: RM0.68, RM0.73
• Support: RM0.55
• Stop-loss: RM0.545

BUY on breakout with a target price of RM0.73 and stop-loss at RM0.545. Yesterday, the stock closed at RM0.58, above the BBI line. This is supported by the 7-day EMA which is currently crossing above the 21-day EMA, indicating a bullish signal. This is consistent with the uptick in the RSI and a bullish crossover in the DMI, which suggests stronger buying momentum ahead. We peg our target prices at RM0.68 and RM0.73 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 11 Jul 2017