KUALA LUMPUR (Oct 12): RHB Retail Research said DKSH Holdings (Malaysia) Bhd may trend higher after climbing above the RM5.86 level in its latest session to reach a 52-week high.

In a trading stocks note today, the research house said a bullish bias may be present above this point, with a target price of RM7.00.

It said the stock may consolidate further if it cannot hold above the RM5.86 mark in the near term.

“Further support may be found at RM5.29, where traders can exit upon a breach to avoid the risk of a further correction,” it said.