• Technical BUY with +21.7% potential return
• Last price: RM2.07
• Target price: RM2.27, RM2.52
• Support: RM1.90
• Stop-loss: RM1.89

BUY with a target price of RM2.52 and stoploss at RM1.89. Based on the daily chart, DRB formed a series of higher highs and higher lows that indicates an uptrend pattern. This bullish movement is supported by an uptick in the RSI and a bullish crossover in the MACD. With the +DI flashing a significant improvement, we expect a new up-leg to be established, which is likely to place share price back on an uptrend. We peg our near-term target at the resistance level of RM253.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 10 Jul 2018