TTVHB (0272-ACE): Technology; Semiconductors

Profile: TTVHB is principally involved in the development and manufacturing of machine vision equipment and provision of related products and services

In 2Q23 results review (29 Aug), the group is optimistic that current orders fueled by the solar renewable energy and automotive semiconductor sectors are likely to be fulfilled within the next 9 months

Potential downtrend reversal amid the Hammer formation on 1 Nov

✅Current price: RM1.01

✅Entry price: RM0.99-1.00-1.01

✅Resistance: RM1.04-1.09-1.18

✅Cut loss: RM0.98

✅Risk profile: Medium

Source: Hong Leong Investment Bank Research - 6 Nov 2023