• Technical BUY on breakout with +15.2% potential return
• Last price: RM1.35
• Target price: RM1.49, RM1.59
• Support: RM1.29
• Stop-loss: RM1.28

BUY on breakout with a target price of RM1.59 and stop-loss at RM1.28. Based on the chart, KIML has formed a strong base at RM1.29 after the recent drop from the previous high, and formed a higher high and higher low towards the breakout level of RM1.38 yesterday. We expect KIML to continue its upwards movement once prices penetrate the breakout level of RM1.38. Currently, both the MACD and the DMI show a positive signal to support the upward momentum.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 18 Jul 2018