Date: October 21, 2024
Broker: CGS International Securities Malaysia Sdn. Bhd.

Company Overview

Binastra Corp is a company involved in various sectors, including property development and construction. It has established a strong presence in the market by focusing on high-quality projects and strategic investments that drive sustainable growth.

Recent Stock Performance

• Last Price: RM 1.500
• Binastra Corp’s stock has shown positive performance, currently trading above its entry price. The stock’s upward trend indicates investor confidence and potential for further gains in the coming periods.

Technical Analysis

• Entry Price: RM 1.480
• Current Price: RM 1.500
• Stop Loss: RM 1.340
• Target Prices: RM 1.61, RM 1.65

Trading Position

• Current Position: Buy
• Weighting in Portfolio: 6%
• Shares Held: 54,000
• Total Cost: RM 79,920.00
• Market Value: RM 81,000.00
• Profit/Loss: +RM 1,080.00 (+1.4%)

Trading Recommendation

Binastra Corp is maintained as a “Buy” within the actively managed portfolio, reflecting confidence in its steady growth. The stock has achieved modest gains, and the stop-loss level is set at RM 1.340 to manage downside risks. Investors are advised to monitor for price movements toward the target levels of RM 1.61 and RM 1.65, which could signify further opportunities for profit.

Conclusion

Binastra Corp’s stock performance remains positive, supported by technical indicators suggesting continued growth. The stock’s stable trajectory and strategic inclusion in the portfolio make it an attractive option for investors seeking reliable returns. Traders are encouraged to observe the key price levels and adhere to stop-loss measures to optimize their investment strategy.