KUALA LUMPUR (April 27): RHB Retail Research said Innoprise Plantations Bhd is set to propel higher as it rebounded strongly from its intraday low to close above the RM2 threshold.

In a trading stocks note on Wednesday (April 27), the research house said if the momentum persists, the stock is expected to hit the recent high of RM2.16, followed by the RM2.20 mark.

“However, the momentum may decline if it falls below the RM1.90 support level — the lowest point yesterday (Tuesday),” it said.