KUALA LUMPUR (Feb 2): Hong Leong IB Research has a “Buy” rating on Taliworks Corporation Bhd with a SOP target price of RM1.85, and said Taliworks is an appealing investment case given its concession businesses in different sectors which enjoys stable growth profile coupled with reduced vulnerability to idiosyncratic risk. In a trading idea note today, the research house said that moreover, its attractive projected FY17 dividend yield of 5.4% should provide a decent support to the share price. “Following the formation of Tweezers bottoms and bottoming up indicators, the stock is poised for a downtrend resistance breakout (near RM1.50) soon. “A decisive breakout above RM1.50 will spur prices higher towards RM1.56–1.71 levels in the mid to long term. Cut loss at RM1.37,” it said.

Source: The Edge Markets February 02, 2017 00:33 UTC