CTOS Digital in process of moving higher, says RHB Retail Research

CTOS Digital in process of moving higher, says RHB Retail Research
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KUALA LUMPUR (Oct 18): RHB Retail Research said CTOS Digital Bhd is in the process of moving higher, as it bounced off the 21-day average line and is eyeing the RM2.08 consolidation level.

In a trading stocks note on Monday, the research house said if the stock manages to push above that point, the bulls should propel the stock towards a new high of RM2.20, then RM2.30.

“That said, this expectation will be nullified if it falls below the support of RM1.97,” it said.

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CTOS Digital’s premium valuation does not justify near-term earnings growth — KAF Research