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aws试用账号(www.2km.me)_Quick take: Golden Pharos shares at 1-month high

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KUALA LUMPUR: Golden Pharos Bhd rose to its highest in over a month in early trade Friday.

The wood products manufacturer rose 8%, or three sen to 40.5 sen, its highest since Sept 8. The counter has risen 58% so far this year.

PublicInvest Research said Golden Pharos is staging a potential breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term.

“Should the immediate resistance level of 40.5 sen be broken with renewed buying interest, it may continue to lift the price higher to subsequent resistance level of 42.5 sen,” it said.

“However, failure to hold on to support level of 36.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” PublicInvest said, adding that the stop loss level is at 34 sen.

In the first six months to June 30, Golden Pharos saw its net loss narrowed to RM6.41mil from RM6.64mil a year ago. Revenue, however, was higher at RM18.8mil from RM12.71mil a year prior.


转载说明:本文转载自Sunbet。

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