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Rakuten Trade Research believes that Pentech Holdings Bhd is significantly undervalued at its IPO price. The research house placed a fair value estimate of 42 sen per share on the company, which is more than twice its IPO offer price of 20 sen per share.
This suggests that Rakuten Trade expects strong growth potential and sees room for the stock price to appreciate once the company begins trading on the market. A fair value represents what analysts believe the stock should reasonably be worth based on factors such as earnings prospects, business fundamentals, industry outlook, and future expansion plans.
1.20 support look quite solid but need wait for the buying volume to kick in before going all in. If the market sentiment stay shaky might see a bit more chop before that rebound finally happen.
UUE looks like got strong momentum right now so holding for that 0.50 level seems like a solid plan. Just make sure to keep a close eye on the volume because anything can happen once it hits that resistance area.
Earnings support is definitely the main thing but since the previous quarter already beat expectations. Maybe retail sentiment is weak so don't expect any explosive move unless there's a fresh catalyst to drive volume back in
Construction project for Sibu prison definitely give HKB more job order visibility for the next three years. This contract win should provide steady cash flow for them to sustain momentum in the current market.