• Technical BUY on breakout with +18.9% potential return
• Last price: RM1.08
• Target price: RM1.23, RM1.32
• Support: RM1.00
• Stop-loss: RM0.995

BUY on breakout with a target price of RM1.32 and stop-loss at RM0.995. The breakout above the RM1.11 level coupled with a positive close above the MACD shows further upside ahead. This is supported by positive RSI readings and bullish crossover on the DMI. With the previous target set at RM1.23, the stock is expected to resume its ascent towards the previous resistance at RM1.33.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 13 Jul 2017