News about research

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.

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.

In a trading stocks note on Monday, the research house said the stock broke past the 54 sen resistance as the bullish momentum is picking up.

The research house said that if a breakout occurs, the stock will likely advance towards the 52-week high level at the 29 sen resistance, followed by 35.

The research house said that if it manages to surpass that level, the bullish momentum is expected to propel the stock towards the 73.

MIDF said EcoWorld recorded total new sales of RM3.

The research house said the latest “higher high” bullish pattern above the rising 21-day simple moving average line suggests the uptrend movement is firming up and heading towards 62 sen, the YTD high, followed by the next resistance at 70 sen, a new high.

RHB said the potential addition of new land, especially in Johor, could be a share price catalyst as AME has been anchoring the industrial sector in Iskandar Malaysia.

Pointing to recent news on the possibility of a high-speed rail (HSR) project between Ipoh and Kuala Lumpur, MIDF said the project would improve demand for properties in Ipoh and concurrently benefit property developers that have exposure in the state.