Kawan Food challenging resistance RM 2.00

This quarter result is important.   If there is 4 cents EPS will good enough to help Kawan stabilise above RM 2.00.  However, given the development of its new expansion and consistent profit growth.  We believe our 12 months target RM 2.50 may achievr earlier.

We calling a hold and if mother break above RM 2.00.  The current trading in warrant which is in the money will be a good buy.  At the moment, we are satisfy with out purchases months back and enjoying the run.