Falling wedge pattern bodes well for an eventual rebound towards 2.25-2.38 zones.
✅Current price: RM1.95
✅Resistance: RM2.25-2.38-2.50
✅Support: RM1.88-1.75-1.68
✅FY6/2024E P/E: 8.1x
✅FY6/82024E DY: 4.1%
✅BVPS (RM): 2.07 (P/B:0.94x)
✅Risk profile: Low
Source: Hong Leong Investment Bank Research - 24 Oct 2023
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