Sep 17, 2015

Tambun Indah - Rebounded With TP RM1.43

Tambun  Indah  Stock Code: 5191 Current Price RM1.33 Target Price RM1.43

tambun indah analysisTambun  Indah  Land  may  experience  a  further  technical  rebound after  climbing  above  the  MYR1.28  level  in  its  latest  session,  albeit marginally.  Traders  may  buy,  as  a  short-term  bullish  bias  could  be present  above  this  level,  with  a  target  price  of  MYR1.43,  followed by MYR1.50. The stock may turn sideways if it cannot sustain above the MYR1.28 mark. In this case, further support is anticipated at the MYR1.18 level, where traders can exit upon a breach.

by RHB Research


The Company is principally an investment holding company. Pursuant to the Acquisitions the Company became the holding company which is involved in property development investment holding and operation of car park as well as project and construction management.