· IOICORP (TB, TP: RM4.39) has been on a sideways trading pattern over the past one month, finding its footing near the
RM3.97 (S1) level. The share price underwent a price sell-down by investors after reaching a YTD high of RM4.84 back in
January-15. Yesterday, the share price rose 6.0 sen or 1.5% to settle above its 20-day SMA level. In tandem with the
increasing trading volume over the past two days, key momentum indicators (Stochastic and RSI) are also hooking upwards
as buying momentum has started to build up. Thus, we reckon that the share price could potentially stage a rebound play in
the near-term, while we advocate conservative investors to look out for a reversal signal (high volume and share price surge)
before entering the stock.

· CBIP (NR). Chart-wise, CBIP is currently trading just below its 20-day SMA level. YTD, the share price has been trading
relatively flat with relatively low trading volume, while it recently rebounded from its multi-month uptrend support level. Key
momentum indicators recently emerged from their respective oversold region, suggesting investor’s interest has returned.
Coupled with the recent rise of the Malaysian CPO futures, we reckon that there would be follow through buying interest to
rally the share price further. We reckon that a technical breakout above all the SMA levels around RM2.04 is vital for the share
price to dictate a positive uptrend in the longer term.

Source: Kenanga Research - 26 Jun 2015