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RHB Research - MEGAFB has broken past the RM0.49 resistance with a bullish candlestick, signalling continued upward movement. With a “higher high” formation in place, the stock is now targeting the next resistance levels at RM0.53 and RM0.57.
Formtech currently operates at just 30% utilisation, with an installed capacity of 180,000 glove formers per month.
By leveraging Flexidynamic’s existing customer network in the glove manufacturing sector, there is ample room to ramp up sales without the need for new capital expenditure on additional facilities.
SkyWorld upgraded to Buy, target price raised to 52 sen
We upgrade our recommendation to Buy (from Hold) with a higher target price of 52 sen (from 47 sen), based on a 30% discount to our revised net asset value and appraised with a three star ESG rating. — APEX Securities (June 17, 2025)
