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Wednesday, December 12, 2012

HLIB sees SK, Dayang, Perisai etc as outperform (Edge)

Smartbiz: At the time of writing, Perisai's price has successfully broken through its immediate resistance at 1.11 and facing next resistance at 1.14. Based on charts, the upswing momentum should continue to test its previous high at 1.17 and moving forwards to create another new high around 1.24. As HLIB has placed a high target price for Perisai at 2.10 the upside gape is still significant. Perisai is also the top pick of CIMB in small O&G counters.

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