Hafaray

Hafaray: UOB Kay Hian maintains Buy witH TP $0.275, implying a 34.2% upside. The house value Hafary using SOTP to reflect the market value of its property assets while benchmarking its tile trading business at peers’ average PE of 9.7x. Technically, The stock appears to be well supported at $0.20 in recent trading sessions when it attempted to break above the downward sloping trendline extension. The stock is likely to trade towards $0.27 after a brief consolidation and could be trending at its rising 30-day SMA. A golden cross has also formed.