KUALA LUMPUR (Jan 16): AllianceDBS Research said George Kent (M) Bhd (Gkent) had on Jan 15 crossed over the 97.5 sen hurdle to a high of RM1.04 before settling near the day’s high at RM1.01 (up 10 sen or 10.9%).

In its evening edition Jan 15, the research house said the crossover of the 97.5 sen hurdle would likely see Gkent trading upward with the next upside target pegged between RM1.12 and RM1.18.

It said risk taking traders can establish a buying position at 97 sen on a small pullback.

“Once a buying position is established, a stop loss at 93.5 sen level must be placed for risk capital protection, and this 93.5 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM35 (excluding brokerage) for RM150 – RM210 potential profit, you may acquire 1,000 shares with a capital amount of RM970 assuming buying order is filled at 97 sen,” it said.