• Profile: Ideal Group of Companies was established in 1994 and listed on the ACE market under the name Equator Life Science Berhad (ELSB) in May 2005. In October 2011, ELSB changed its name to Ideal Sun City Holdings Berhad (IDEAL).
• IDEAL’s full scope of project management services includes Project Design Evaluation, Project Value Engineering and Project Construction Management. Project Design Evaluation Services evaluates the clients existing project design to increase the net saleable area of the project. Project Value Engineering reduces the construction costs and implementation time of the project. Project Construction Management Services ensures that the project’s objectives and implementation is smooth and timely.
• A decisive breakout above RM0.50 will spur prices to retest RM0.55-0.57 zones. After trading sideways for the last four weeks, IDEAL’s share prices are ripe to stage a violation above immediate resistances of RM0.50 (30-d & 50-d SMAs) as Tweezers’ bottom formation coupled with oversold weekly MACD could signal limited downside and potential reversal in trend.
• A decisive breakout above RM0.50 will spur prices to surpass higher resistances of RM0.515 (downtrend line from RM0.84) and our long term price objective of RM0.55 (30-w SMA). Supports are RM0.47 (10-d SMA) and RM0.46 (intraday lows of 23-25 Feb). Cut loss at RM0.45.

Source: Hong Leong Investment Bank Research - 5 Mar 2015