• Technical BUY with +28.2% potential return
• Last price: RM1.52
• Target price: RM1.82, RM1.91
• Support: RM1.34
• Stop-loss: RM1.33

BUY with a target price of RM1.91 and stoploss at RM1.33. Based on the daily chart, SKP managed to penetrate above the breakout level of RM1.49 and closed higher at RM1.52 on yesterday’s movement. This is supported by an uptick in the RSI as well as bullish crossovers in both the MACD and DMI. Moving forward, we expect SKP to continue the upwards movement toward the resistance of RM1.92 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 18 Jul 2018