HLBank Research Highlights

HLIB Retail Research - 6 Oct - Bullish Tracker

HLInvest
Publish date: Fri, 06 Oct 2023, 09:53 AM
HLInvest
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This blog publishes research reports from Hong Leong Investment Bank

MSM (5202): Main market; Consumer products & services, F&B

Building a base above 50D MA (near RM1.25) amid market talks of a review in the price ceiling of sugar

✅Current price: RM1.31

✅Entry price: RM1.25-1.28-1.31

✅Resistance: RM1.41-1.50-1.55

✅Book value/shr (RM): 2.07

✅Price/BV: 0.63x (-40% vs 10Y avg 1.1x)

✅Cut loss: 1.24

✅Risk profile: Medium

Source: Hong Leong Investment Bank Research - 6 Oct 2023

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