• Technical BUY on breakout with +14.1% potential return
• Last price: RM1.55
• Target price: RM1.69, RM1.78
• Support: RM1.44
• Stop-loss: RM1.43

BUY on breakout with a target price of RM1.78 and stop-loss at RM1.43. A breach of the breakout level at RM1.56 would likely spur further buying interest and potentially catapulting the stock higher. This is supported by a bullish crossover in the MACD while a positive reading in the RSI indicates a strong momentum, which could push share price higher. We peg our targets at RM1.69 and RM1.78 in the near to medium term.

Source: UOB Kay Hian Research - 12 Jul 2017