Super

Super: CIMB says the co has a bright future in Myanmar as its brand is well-established and its distributors are likely to demand more products from the co. Notes Super has a leading 30% market-share in Myanmar for its coffee products, with an established, hard-to-replicate distribution network. Expects Super could explore cup noodles in Myanmar as a familiar and probably affordable product. Adds, if Super can convert its chances in Myanmar well and reforms hold up there, its long term future could be interesting.
The house has a fundamental Outperform call with TP $2.37.

On the charts, it views the uptrend since Dec remains intact, but notes bearish divergence on both its RSI and MACD, which could see the stock consolidate a bit. Tips the trend will remain up as long as Super stays above $1.69, with near-term support at $1.80.
CIMB pegs resistance near $2.00 and $2.13 2.15.
The stock is down 0.3% at $1.88.