Gadang Holdimgs Stock Code: 9261
Gadang rebounded to test the MYR2.44 level in its latest session after the recent correction. Traders may buy if this level is surpassed in the near term, with a target price of MYR2.58, followed by MYR2.75. In the meantime, the stock may drift sideways if the MYR2.44 level cannot be breached. Support may be found at MYR2.18, where traders can exit upon a breach to avoid the risk of a further correction.
source:: RHB Research – 19/01/16
GADANG HOLDINGS BERHAD
The Company is an investment holding company while its subsidiaries' core businesses are in civil engineering and building construction property development water concession mechanical and electrical engineering services and general trading. Since April 2009 the Group ventured into oil palm plantation as part of the Group's diversification exercise.