RHB Investment Research Reports
Trading Stocks - Sime Darby Property
rhbinvest
Publish date: Fri, 07 Jul 2023, 10:42 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Sime Darby Property’s price is poised to rebound above the MYR0.48 level, having tested it in the past two sessions amidst high trading volumes. A breakout above this level will indicate a bullish phase – with the potential movement towards the MYR0.50 mark, followed by the YTD high of MYR0.535. On the other hand, a drop below the MYR0.455 support will trigger a bearish movement.
Source: RHB Securities Research - 7 Jul 2023
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