Sunday, 23 August 2020

Value Stock Pick - 24 August 2020: AMWAY (6351)

AMWAY 2nd Quarter Result announced on the 19th of August 2020 with higher than expected Earnings. 

There is also a technical reversal from downtrend to uptrend for AMWAY which closed at RM4.93 last Friday.

In the upcoming next 3 months right up till the next 3rd quarter earning release, we are looking at the following potential AMWAY share price scenario:

Worst Case Target Price: RM4.84
Average Case Target Price: RM6.00
Best Case Target Price: RM8.40



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