• Technical BUY with +17.6% potential return
• Last price: RM1.59
• Target price: RM1.78, RM1.87
• Support: RM1.50
• Stop-loss: RM1.49

BUY with a target price of RM1.87 and stoploss at RM1.49. Currently, share price is consolidating within the immediate support of RM1.50 before yesterday’s positive closing above the BBI sets a new tone for the short-term outlook. We expect PEST to continue to make higher highs and higher lows towards our target. A bullish bias has been established following an uptick in the DMI and MACD.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 3 Aug 2018