• Technical BUY with +27.5% potential return
• Last price: RM0.965
• Target price: RM1.14, RM1.23
• Support: RM0.91
• Stop-loss: RM0.905

BUY with a target price of RM1.23 and stop-loss at RM0.905. A buying signal is seen as the stock had just penetrated above the Ichimoku cloud yesterday. This is supported by the Heat Wave indicators as the Tenkan-sen line, Kinjun-sen line and Chikao span line, which suggest a bullish signal. An uptick in the RSI suggests buying momentum is set to continue in the near term. Currently, the DMI is showing a bullish crossover to support the upward momentum. We peg our targets at RM1.14 and RM1.23 in near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 2 Aug 2017