• Technical BUY on breakout with +23.2% potential return
• Last price: RM0.335
• Target price: RM0.395 RM0.425
• Support: RM0.30
• Stop-loss: RM0.295

BUY on breakout with a target price of RM0.425 and stop-loss at RM0.295. Share price has consolidated within the immediate support of RM0.30 and yesterday’s positive closing above the BBI sets a new tone for the short-term outlook. We expect BPKG to continue to move upwards if it penetrates the breakout level of RM0.345. The bullish bias has been established following an uptick in the DMI. We peg our targets at RM0.395 and RM0.425.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 13 Sept 2017