KUALA LUMPUR: AmBank Research placed DRB-Hicom Bhd, Eita Resources Bhd, Prestar Resources Bhd and Mycron Steel Bhd on its 'Stocks on Radar' report, today.
The firm issued a “buy” call on DRB-Hicom, with a target price (TP) of RM1.53, as it said the stock will resume its bullish uptrend.
"It may consolidate further if it cannot extend above the RM1.46 level in the near-term. In this case, support is anticipated at RM1.32, whereby traders may exit on a breach," it said.
Eita Resources (TP: RM2.08), Prestar Resources (TP: RM1.10), and Mycron Steel (RM0.95) also received “buy” calls from AmBank Research