UEM Sunrise set for uptrend continuation, says RHB Retail Research
The research house said that riding above the rising 21-day simple moving average line, the stock is likely to climb higher towards RM1.
The research house said that riding above the rising 21-day simple moving average line, the stock is likely to climb higher towards RM1.
Whether correctly or incorrectly, Malaysia’s current “supportive monetary policy” may be construed as “accommodative or dovish,” especially in relation to higher interest rates in several other economies.
PAM president Abu Zarim Abu Bakar: Urban regeneration and renewal are pivotal for ensuring the enduring viability and liveability of our cities.
SinggahKL 2024, which will take place on March 2 and 3 this year, has received 621 registrations to date.
The research house said that the bullish bias above that level may see the stock climb towards the 38 sen immediate resistance, followed by its recent high of 39.
In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.
Chur Associates founder and managing partner Chris Tan equates buying a property like buying a car, where regular maintenance is needed to upkeep the performance of the car, and the same applies to properties to preserve and enhance their value.
This downgrade reflects growing concerns over YNH's weak liquidity position and further delays in the sale of assets, which is much-needed for cash infusion.
According to Kenanga Research, the latest award has lifted the group’s new job wins this year to RM377.
The research house said that if the breakout is sustained, the uptrend rebound will likely lead to the stock climbing towards the immediate resistance of 33.