Jun 11, 2014

UEM Sunrise: Look For Rebound

UEM SUNRISE BERHAD symbol: UEMS  |   stock code: 5148

Technical Comment: UEM Sunrise could stage oversold rebound from current depressed levels with very limited downside risk to RM1.98 (7/2/13 low) matching the lower Bollinger band. Immediate upside hurdles are at RM2.22, RM2.38 (23.6%FR) and RM2.50.

uem_sunrise above:UEM Sunrise Daily Chart (click to enlarge)


by: TA Securities

The Company is the flagship company for the real estate investment and development business of UEMG. UEMG is wholly-owned by Khazanah which in turn is the investment holding company of the Government.