Smart Asia Chemical Eyes Sideways Breakout

KUALA LUMPUR: Two Malaysian stocks are drawing technical attention as potential buys.

Smart Asia Chemical Bhd (0306), a manufacturer of decorative paints, protective coatings and related products under brands like Smart Paints and Durra Paints, appears ready to exit its sideways channel.

Smart Asia Chemical

Analysts anticipate improving momentum and trend, with a break above RM0.210 resistance potentially driving the price to RM0.220. Failure to hold RM0.185 support could trigger a cut-loss.

Meanwhile, YBS International Bhd (0025) signals a possible trend reversal, supported by strengthening indicators. The precision engineering group, focused on moulds, metal fabrication and battery solutions, could gain further if buying sustains.

Both stocks offer ODM services and cater to electronics and renewable sectors.