• Technical BUY with +17.8% potential return
• Last price: RM0.59
• Target price: RM0.66, RM0.695
• Support: RM0.535
• Stop-loss: RM0.53

BUY with a target price of RM0.695 and stop-loss at RM0.53. Based on our BUY call on 11 May 17, share price hit our targets at RM0.52 and RM0.58 and surged to the all-time high of RM0.668. After pulling back from the recent high to the current levels, we expect AYS to resume the upward trend once buying momentum overcomes selling momentum. This is supported by positive readings from the DMI and the MACD, which suggest the overall bullish bias is intact. We peg our new targets at RM0.66 and RM0.695 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 28 Jul 2017