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HLIB Research recommends Seremban Engineering
by Cals Wed 02 Dec 2015, 20:35
HLIB Research recommends Seremban Engineering
By theedgemarkets.com / theedgemarkets.com | December 2, 2015 : 8:33 AM MYTKUALA LUMPUR (Dec 2): [size=16]Hong Leong IB Research is recommending Seremban Engineering Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.15) today amid what it said were early signs of bottoming up following hammer candlestick formation and uptick in indicators.
In a note today, the research house said a decisive breakout above 47 sen will spur prices higher towards 50 sen-55 sen zones.
“Cut loss at 40 sen.
“Good risk to reward ratio with 24.4% upside to 56 sen against 11.1% downside to cut loss at 40 sen,” it said.
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