HLIB Retail Research – 26 May - Bullish Tracker:
FLBHD: Main market, Wood Products
Hammer candlestick appeared, accumulate during retracement phase.
High net cash per share: RM1.00
Poised for a stronger 2Q results (in anticipation of normalized shipments) after 1Q setback due to delay in shipment.
Entry: RM1.42-1.43
Stop Loss: RM1.36
Resistance: RM1.47-1.56-1.66
Target price: RM1.56-1.66
Risk profile: Moderate
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