I see a cup with handle pattern(bullish reversal pattern). Near term support(0.355 - 0.36), resistance(0.40). If it can break above 0.40 neck line with above average volume. Near term target 0.47 follow by 0.5 - 0.54
Radiant Group’s prominent customer base include Giant, Cold Storage, AEON Big, Parkson, Watsons, Guardian and 99 Speedmart in Malaysia. The Group also serves retail clientele in Vietnam and Cambodia, including Parkson Vietnam, AEON Vietnam, and AEON Cambodia.
Price is pressing lower. It will not turn up while there is still hope...hope that it will rebound... It will only turn up when everybody loss hope...below 0.33
We are heartened by continued growth in the broader retail industry, of approximately 7%-10% CAGR in each of RGB’s respective operating countries, which implies similar growth for their respective retail technology solutions sectors. Further, greater operating efficiencies from implementing retail technology solutions will drive organic demand for more such services. Hence, we are positive on the Group’s expansion plan and believe the group is poised for further growth. We have a subscribe recommendation with a target price of RM0.30 derived based on 15.0x PE of our estimated EPS of 2.0sen for FY19E. The target price represents a potential return of 30.4% over the IPO price.
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Posted by Sinopsis > 2018-08-08 12:03 | Report Abuse
Nova already staged strong rebound. This counter still laggard behind.should up 4 to 5 sen