FW: AmBank Research - FBM KLCI Outlook & Stock On Radar, 14 Sep 2017

 

FBM KLCI Outlook - 14 Sep 2017

- 1,795 resistance level may be tested soon.

- Upside potential

- Support levels

- Conclusion

 

STOCKS ON RADAR - 14 Sep 2017

AmBank Retail Research

 

Luxchem Corporation (5143)

Buy on valid uptrend above RM0.815

Target: RM0.89, RM0.96 (time frame: 3-6 weeks)

Exit: RM0.745

 

Rev Asia (0173)

Buy on uptrend continuation above RM0.475

Target: RM0.525, RM0.575 (time frame: 3-6 weeks)

Exit: RM0.41

 

Ajinomoto (2658)

Buy on further rebound above RM20.00

Target: RM21.16, RM22.45, (time frame: 3-6 weeks)

Exit: RM18.74

 

Power Root (7237)

Buy on technical rebound above RM2.13

Target: RM2.37 (time frame: 3-6 weeks)

Exit: RM2.05

 

 

 

 

 

 

 

DISCLAIMER:

The information and opinions in this report were prepared by AmInvestment Bank Bhd. The investments discussed or recommended in this report may not be suitable for all investors. This report has been prepared for information purposes only and is not an offer to sell or a solicitation to buy any securities. The directors and employees of AmInvestment Bank Bhd. Bhd may from time to time have a position in or with the securities mentioned herein. Members of the AmBank Group Bhd and their affiliates may provide services to any company and affiliates of such companies whose securities are mentioned herein. The information herein was obtained or derived from sources that we believe are reliable, but while all reasonable care has been taken to ensure that stated facts are accurate and opinions fair and reasonable, we do not represent that it is accurate or complete and it should not be relied upon as such. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute our judgment as of this date and are subject to change without notice.

 

 

 

 

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