• Technical BUY with +23.6% potential return
• Last price: RM1.48
• Target price: RM1.74, RM1.83
• Support: RM1.34
• Stop-loss: RM1.33

BUY on breakout with a target price of RM1.83 and stop-loss at RM1.33. On yesterday’s movement, OPB managed to hit the breakout level of RM1.51 but closed lower at RM1.48. This is supported by the Heat Wave indicators - Tenkan-sen line, Kinjun-sen line and the Chikao span line - which show a bullish signal. The uptick in the DMI together with the high trading volumes suggests buying momentum is set to continue in the near term. We expect OPB will continue the upward movement toward our targets at RM1.74 and RM1.83 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 8 Sept 2017