Date of Report: October 2, 2024
Broker: CGS International
Company Overview
Sin-Kung Logistics is a logistics company based in Malaysia, primarily involved in providing transportation and logistics solutions. The company has a growing presence in the logistics industry, offering services that cater to the increasing demand for efficient supply chain management across the region.
Technical Analysis
As of October 2, 2024, Sin-Kung Logistics’ stock is trading at RM0.180, the same as its entry price. The stock has held steady at this level and remains part of the actively managed portfolio. The company’s stable price performance and solid technical support levels suggest the potential for upward movement in the near term.
Stock Position
- Entry Price: RM0.180
- Current Price: RM0.180
- Stop Loss: RM0.155
- Target Price: RM0.20, RM0.21
Investment Strategy
Sin-Kung Logistics represents 8% of the actively managed portfolio, with 555,500 shares. The stock is still rated as a “Buy” as it shows stability at its current price level. Investors are encouraged to hold their positions, with the stop-loss level set at RM0.155, providing a safety net as the stock aims to reach its target prices.
Performance Overview
As of the report date, Sin-Kung Logistics has neither gained nor lost value, with a neutral performance of 0.0%. The stock remains stable and is expected to move towards its target price levels in the coming months, driven by the company’s potential for growth in the logistics sector.
Conclusion
Sin-Kung Logistics has demonstrated stability at its current price, with support from technical indicators. The stock remains a solid investment with potential for future gains as it approaches key target prices. Investors are advised to maintain their positions, with risk managed through a defined stop-loss level.
