Attractive valuations offer buying opportunities on Bursa

The FBM KLCI closed lower, reflecting cautious market sentiment as investors anticipate potential policy changes after US President-elect Donald Trump’s inauguration on January 20.

Attractive valuations

Despite the decline, attractive valuations offer buying opportunities, with the FBM KLCI expected to trade between 1,615–1,625 today.

Technical View

UNIQUE (0257)

• Entry Level: RM0.41–RM0.42

• Resistance: RM0.455 (R1), RM0.50 (R2)

• Support: RM0.395 (S1), RM0.365 (S2)

Investment Idea: MAHSING (8583)

• Recommendation: BUY

• Target Price: RM2.43 (based on SOP valuations)

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Staff Writer

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