SkyWorld Development may extend upward trajectory, says Rakuten Trade
“We expect the rising momentum to steer the stock to trend higher and test the next level of resistance of 67.5 sen (R1), followed by 74 sen (R2)."
“We expect the rising momentum to steer the stock to trend higher and test the next level of resistance of 67.5 sen (R1), followed by 74 sen (R2)."
Apex Securities Bhd has initiated coverage on Matrix Concepts Holdings Bhd with a “buy” rating at RM1.82 and target price of RM2.14, based on a discount rate of 20% to the research house's revalued net asset value (RNAV).
Hong Leong Investment Bank (HLIB) has maintained its “overweight” rating on the construction sector and said first quarter of 2024 (1Q2024) domestic contract awards totalled RM6.96 billion, which is up 45% quarter on quarter (q-o-q) but down 3% year-on-year (y-o-y).
RHB Retail Research said Bina Darulaman Bhd is poised to resume its uptrend after Wednesday’s retreat from the recent breakout — maintaining above the rising 21-day simple moving average (SMA) line.
Kenanga Research has maintained its “underperform” rating on Star Media Group Bhd at 42 sen with an unchanged target price of 31 sen and said Star Media is pivoting towards real estate and offering niche weekly publications.
RHB Retail Research Crescendo Corp Bhd is poised to extend the upside movement after staging a bullish breakout.
RHB Retail Research said UEM Sunrise Bhd is set for an uptrend continuation after breaching above the RM1.18 immediate resistance on stronger trading volume.
Epicon Bhd said its total outstanding order book has currently risen to RM929 million, from RM840 million as at March 18, 2024, after it secured a letter of award (LOA) for a construction contract worth RM89.1 million.
The developer said that with a total gross development value of RM1.6 billion, Wyndham Ion Majestic Hotel’s first phase is slated for a soft opening in the second quarter of this year.
The company said its unit Crest Builder Sdn Bhd has accepted a letter of award for the construction of the Sunway Velocity 3 commercial development in Kuala Lumpur.