Technical Focus - Hiap Teck Venture Berhad - Riding along the construction boom going forward

Under the 12MP MTR, Development Expenditure has increased with an additional RM15bn and RM279bn will be spent over the next 3 years. It should have positive impact on the construction sector. Technically, traders may anticipate for a potential consolidation breakout above RM1.17 to target the next resistances at RM1.24-1.29 with long term target set at RM1.35. 

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