• Technical BUY on breakout with +27.1% potential return
• Last price: RM0.62
• Target price: RM0.795, RM0.82
• Support: RM0.575
• Stop-loss: RM0.57

BUY on breakout with a target price of RM0.82 and stop-loss at RM0.57. Yesterday, the stock closed above the BBI line to maintain the bullish momentum towards the breakout level of RM0.645. This was supported by the MACD’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our target prices at RM0.795 and RM0.82 if the stock breaches the breakout level of RM0.645.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 10 Aug 2017