Tambun Indah Stock Code: 5191 Current Price RM1.33 Target Price RM1.43
Tambun Indah Land may experience a further technical rebound after climbing above the MYR1.28 level in its latest session, albeit marginally. Traders may buy, as a short-term bullish bias could be present above this level, with a target price of MYR1.43, followed by MYR1.50. The stock may turn sideways if it cannot sustain above the MYR1.28 mark. In this case, further support is anticipated at the MYR1.18 level, where traders can exit upon a breach.
by RHB Research
TAMBUN INDAH LAND BERHAD
The Company is principally an investment holding company. Pursuant to the Acquisitions the Company became the holding company which is involved in property development investment holding and operation of car park as well as project and construction management.