UOB Kay Hian Research Articles
Traders' Corner - Benalec Holdings (BHB MK)
UOBKayHian
Publish date: Fri, 25 Aug 2017, 09:58 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)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
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 +34.5% potential return
- Last price: RM0.435
- Target price: RM0.545, RM0.585
- Support: RM0.40
- Stop-loss: RM0.395
BUY with a target price of RM0.585 and stop-loss at RM0.395. Based on the daily chart, BHB managed to penetrate the breakout level of RM0.44 with higher trading volume but closed lower at RM0.435. This is supported by an uptick in RSI and bullish crossover in both the MACD and DMI indicators. We peg our targets at RM0.545 and RM0.585 in the near to medium term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 25 Aug 2017
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