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From a valuation standpoint, SkyWorld’s entry into Vietnam introduces a compelling new narrative. The company’s shares currently trade at RM0.495. BIMB Securities has assigned a target price of RM0.780, implying an upside potential of approximately 57.6% from current levels. The market often re-rates developers that successfully establish an overseas earnings base because it signals scalability, resilience and a broader addressable market.
The charts are looking promising for a move past 40 sen this week if the momentum holds. Keep an eye on this resistance level, it's the key hurdle right now
SkyWorld has shown strong support around 51 cents and is in an upward trend after breaking out of a consolidation pattern in July. While the stock’s medium-term uptrend looks likely to continue, short-term indicators are mixed—RSI shows recovery, but the MACD suggests a possible consolidation phase before a stronger rebound.