Jan 11, 2016

Century Bond May Trend Higher

Cenbond Stock Code: 7171

Century  Bond  may  trend  higher  after  gaining  above  the  MYR1.54 level in its latest session.  Traders may buy as a bullish bias could be present above this  level, with a target price of MYR1.77.  The stock may  consolidate  further  if  it  cannot  sustain  above  the  MYR1.54mark. In this case, further support is anticipated at MYR1.41, wheretraders can exit upon a breach.
Source: RHB Research – 11/01/ 16
The Group is primarily involved in manufacture of paper bags and corrugated cartons.