• Technical BUY on breakout with +29.5% potential return
• Last price: RM0.70
• Target price: RM0.91, RM0.945
• Support: RM0.65
• Stop-loss: RM0.645

BUY on breakout with a target price of RM0.945 and stop-loss at RM0.645. Based on the chart, SNHB has seen its share price recover gradually and move above the 7- and 21-day EMAs following the movement in the last few days, effectively reversing its sideways trend. This is supported by the rising RSI and DMI indicators, which indicate that positive momentum, would strengthen in the near term. We expect SHNB to continue its upward movement once it manages to penetrate the breakout level of RM0.73.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 2 Aug 2017