• Technical BUY with +12.0% potential return
• Last price: RM3.83
• Target price: RM4.19, RM4.29
• Support: RM3.60
• Stop-loss: RM3.59

BUY with a target price of RM4.29 and stoploss at RM3.59. A successful closing above the BBI line yesterday suggests improving sentiment as AMM looks set to resume its uptrend. This is supported by an uptick in the RSI. Currently, both the MACD and the DMI are showing positive signals, which will support the upward momentum. We peg our targets at RM4.19 and RM4.29 in the near term.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 11 Jul 2018