• Technical BUY with +22.3% potential return
• Last price: RM0.605
• Target price: RM0.68, RM0.74
• Support: RM0.58
• Stop-loss: RM0.575

BUY with a target price of RM0.74 and stop-loss at RM0.575. Based on the daily chart, OHB formed a breakaway gap on yesterday’s movement but closed lower at RM0.605. This bullish movement is supported by an uptick in RSI. Currently, both indicators such as the MACD and DMI are showing a positive signal to support the upward momentum. We expect OHB will continue the upwards movement toward our targets at RM0.68 and RM0.74 in the near term.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 4 Aug 2017