HAI-O Enterprise Bhd (KLSE : 7668) - Game Over ?

On 26 March 2018, StarBiz reported Kenanga Research maintained outperform on Hai-O Enterprise with an unchanged target price of RM6 as 9M18 net profit of RM58.6mil came in within both its and consensus expectations at 70% of full-year forecasts.

More details, Kenanga maintains outperform on Hai-O.

Recently, StarBiz reported Hai-O Enterprise Bhd’s net profit fell 12% year-on-year (y-o-y) in its fourth quarter ended April 30, on the back of lower revenue contribution from its mainstay MLM business. 

More details, Hai-O net profit down on lower contribution from MLM business.

The following day, 28 June 2018, StarBiz reported Affin Hwang Capital Research has a "buy" call for it.

More details, Hai-O "buy".

Weekly chart.

Immediate Support Zone : RM4.39 to RM4.70.

What do you think the outcome ?

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Source : 
1) Metastock
2) www.thestar.com.my