Tuesday, April 22nd, 2025

Haily Group (0237) – Bullish Wedge Breakout

  • Haily Group (0237) – Bullish Wedge Breakout

    Recommendation: BUY
    Target Prices: RM 0.88, RM 0.93
    Stop Loss: RM 0.785
    Entry Prices: RM 0.835 – RM 0.845
    Broker: CGS-CIMB Securities
    Date of Recommendation: 6th September 2024


    Investment Thesis: Haily Group – Capitalizing on Construction Growth

    Haily Group, a construction-focused company, has broken out of a 3-week wedge pattern, signaling strong bullish momentum. The stock is supported by improving EMAs and a golden cross on the MACD, indicating that the bulls are in charge.

    • Technical Buy Signal:
      Haily Group’s stock bounced off the 20-day EMA on higher trading volume, confirming the wedge breakout. Both the MACD and RSI are turning upward, suggesting further price growth in the coming days.
    • Key Support and Resistance Levels:
      Support levels are at RM 0.79 and RM 0.72, with resistance expected at RM 0.88 and RM 0.93.

    Valuation and Financials:
    Haily Group is trading at RM 0.845 and is expected to reach target prices of up to RM 0.93. The technical indicators show strong momentum, making it a favorable buy for investors.

    Share Price Catalysts:

    • Bullish wedge breakout and increasing trading volume.
    • Positive developments in the construction industry.

&&Frasers Centrepoint Trust: Unlocking Value in Prime Suburban Malls&&

Date of Report: October 28, 2024Broker: CGS International Securities Overview of Frasers Centrepoint Trust Frasers Centrepoint Trust (FCT) focuses on investments in retail properties, specifically suburban malls in Singapore. The trust is recognized for...

Nanofilm Technologies Faces Profit Challenges: Analyst Reduces Target Price

Deep Dive Financial Analysis: Nanofilm Technologies and Asian Peers Deep Dive Financial Analysis: Nanofilm Technologies and Asian Peers Broker Name: CGS International Report Date: January 21, 2025 Overview of Nanofilm Technologies International Ltd Nanofilm...

Samsung Electronics Faces Global Workforce Reductions Amid Intensifying Competition

Date of Report: October 3, 2024Broker Name: Lim & Tan Securities Pte Ltd Workforce Reductions in Southeast Asia, Australia, and New Zealand Samsung Electronics has initiated layoffs across Southeast Asia, Australia, and New Zealand,...