• Technical BUY on breakout with +21.4% potential return
• Last price: RM1.13
• Target price: RM1.29, RM1.42
• Support: RM1.09
• Stop-loss: RM1.08

BUY on breakout with a target price of RM1.42 and stop-loss at RM1.08. A breach of the breakout level of RM1.17 would likely spur further buying interest and potentially catapult the stock higher. This is supported by a bullish crossover in the MACD and a positive reading in the RSI, which indicate a strong momentum and could push the share price higher. We peg our targets at RM1.29 and RM1.42 if it manages to penetrate the breakout level of RM1.17.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 23 Aug 2017