UOB Kay Hian Research Articles
Traders' Corner - Amcorp Properties (APRO MK)
UOBKayHian
Publish date: Tue, 01 Aug 2017, 11:59 AM
UOBKayHian
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
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1800 UTRADE /
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All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY with +15.2% potential return
- Last price: RM0.82
- Target price: RM0.895, RM0.945
- Support: RM0.79
- Stop-loss: RM0.785
BUY with a target price of RM0.945 and stop-loss at RM0.785. The successful penetration above the breakout level of RM0.82 yesterday suggests improving sentiment as APRO looks set to resume the short-term upward trend. This is supported by an uptick in the RSI. Currently, both the MACD and the DMI are showing positive signals, which will support the upward momentum. We peg our targets at RM0.895 and RM0.945 in the near term.
Expected Timeframe: 2 weeks to 2 months.
Source: UOB Kay Hian Research - 1 Aug 2017
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