RCE crossed RM1

Finally, RCE broke RM1 level this morning. However, it could not sustain and closed at RM0.965.


With reference to the research reports from S&P and Kenanga, there is a huge potential for RCE in the medium term. They rate RCE as a 'buy' with target price of RM1.05 and RM1.20 respectively.
RCE could reach the target price of Kenanga in the medium term as long as there is no sudden crash in the market.