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REASON: Pekat Group Berhad has demonstrated consistent growth, driven by its involvement in renewable energy and solar power projects. The company has seen significant improvements in its project pipeline, including key contracts in solar installation and power distribution systems. These developments are positioning Pekat as a leader in Malaysia's growing clean energy sector.
Technically, the stock is forming a symmetrical triangle, suggesting a potential breakout. With a risk/reward ratio of 4.89, this setup provides an excellent entry point for long-term gains, targeting RM1.57 in the near future. The company's robust project portfolio and strong market demand for sustainable energy solutions support its long-term growth prospects.