UEM SUNRISE BERHAD symbol: UEMS | stock code: 5148
Technical Comment: UEM Sunrise could stage oversold rebound from current depressed levels with very limited downside risk to RM1.98 (7/2/13 low) matching the lower Bollinger band. Immediate upside hurdles are at RM2.22, RM2.38 (23.6%FR) and RM2.50.
by: TA Securities
The Company is the flagship company for the real estate investment and development business of UEMG. UEMG is wholly-owned by Khazanah which in turn is the investment holding company of the Government.