MALAYSIAN RESOURCES CORP Stock Code : 1651
Malaysian Resources Corporation may trend higher after closing above the MYR1.24 level in its latest session. The stock may have a bullish bias trading above this point, with a target price of MYR1.40 notwithstanding a possible resistance at MYR1.36. On the other hand, it may take a breather if it retraces back below the MYR1.24 mark. Support may be found at MYR1.15, where traders can exit upon a breach to avoid the risk of a further correction.
source: RHB Research - 22/03/2016
MALAYSIAN RESOURCES CORPORATION BERHAD
The Company is one of the leading and premier property developers; as well as one of the major construction players in Malaysia.