• Technical BUY on breakout with +24.2% potential return
• Last price: RM0.415
• Target price: RM0.49, RM0.535
• Support: RM0.39
• Stop-loss: RM0.385

BUY on breakout with a target price of RM0.535 and stop-loss at RM0.385. Based on the daily chart, share price has consolidated lower and has been trading sideways for the past few weeks. We expect share price to continue to move up if it penetrates the breakout level of RM0.43. Positive readings in both the DMI and the MACD should translate into stronger momentum, which will in turn lift the share price. We peg our targets at RM0.49 and RM0.535 for the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 25 Sept 2017