FY12P/E: N/A, P/BV: 0.8x
• Harbour-Link broke out of its flag resistance yesterday. The rebound also took out the 30-day SMA along the way. We believe this should pave way for stronger upswings ahead, likely to retest its 52-week high of RM1.18 in the medium term. There is also a minor hindrance at the RM1.13 level.
• Technical landscape is improving. MACD histograms are slowly picking up while RSI has also hooked upward.
• Traders may start to nibble now to ride this breakout run. However, always put a stop at below RM1.03, its recent swing low.
Harbour-Link Group Berhad is an investment holding company and provides management service. The company, through its subsidiaries, provides shipping, forwarding, and transportation services. Harbour-Link also operates plant and machinery renting business and provides engineering and civil works services.
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