• Technical BUY with +46.4% potential return
• Last price: RM0.14
• Target price: RM0.185, RM0.205
• Support: RM0.115
• Stop-loss: RM0.11

BUY on breakout with a target price of RM0.205 and stop-loss at RM0.11. Based on the daily chart, the stock closed above the BBI line and penetrated the breakout level at RM0.14 on higher trading volume yesterday. This is supported by the MACD’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We expect GFHB will continue to move towards our targets at RM0.185 and RM0.205 in the near term.

Expected Timeframe: 2 weeks to 1 month.

Source: UOB Kay Hian Research - 20 Jul 2017