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As long as 0.26 holds, downside risk appears limited. On the upside, a successful reclaim of the descending trendline could open a recovery toward 0.30 initially, followed by a potential re-test of the 0.34–0.35 supply zone over time.
Despite the anticipated near-term softness in FY26F arising from preoperating start-up costs for its four new IVF centres and the SST impact on foreign patients, we remain optimistic about the group’s FY27F outlook. TA expect the newly opened Alpha Kota Kinabalu and Alpha Manila to achieve profitability by 2HFY26. We maintain our Buy recommendation with an unchanged target price of RM0.37 per share.
Cape EMS Bhd is another company that is looking at cross-border RE trading as a key long-term opportunity and is preparing technology to meet Singapore’s compliance and certification requirements.
That's a reasonable outlook; if the glove sector finds its footing by 2026, we could definitely see some upside potential there. It's all about timing the sector's resurgence.