Jan 19, 2016

Gadang Testing RM2.44 Level

Gadang Holdimgs    Stock Code: 9261

gadang analysis
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

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.