HLIB Retail Research - 24 August- Bullish Tracker
CWG (9423-Not rated): Poised for a rounding bottom formation amid a strong turnaround in its 4QFY6/22 results and active share buyback since Aug 2022.
Profile: Manufacturing and sale of stationary and printing materials. In FY6/2022, over 70% of its revenue was derived from export markets.
BVPS: RM0.61
DPS (final): 0.5sen
Entry: RM0.35-0.37
Stop Loss: RM0.33
Resistance: RM0.39-0.41-0.45
Target price: RM0.41-0.45
Risk profile: Moderate
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