Recall that we had earlier issued a trading buy call on MUDA on 26-Sep based on anticipation that the share price would continue its trend rally after a third consolidation phase. However, the share price has not performed up to our expectation amid the recent news that Tan Sri Lim Guan Teik has refused to dispose his stake in the company. The share price has since gapped down to hit our stop-loss price of RM2.17. Thus, we are issuing a "stopped-out" call on this stock.
Source: Kenanga