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

Company Overview

PGF Capital is a diversified company engaged in various business segments, including manufacturing, construction, and investment. The company focuses on delivering quality products and services across different industries, contributing to its steady growth and market presence.

Recent Stock Performance

• Last Price: RM 2.160
• PGF Capital’s stock has shown positive movement, currently trading above its entry price. The recent upward trend suggests that the stock is gaining momentum, with technical indicators pointing to potential further gains.

Technical Analysis

• Entry Price: RM 2.110
• Current Price: RM 2.160
• Stop Loss: RM 1.970
• Target Prices: RM 2.25, RM 2.40

Trading Position

• Current Position: Buy
• Weighting in Portfolio: 7%
• Shares Held: 37,900
• Total Cost: RM 79,969.00
• Market Value: RM 81,864.00
• Profit/Loss: +RM 1,895.00 (+2.4%)

Trading Recommendation

PGF Capital is currently held as a “Buy” in the actively managed portfolio, reflecting optimism about its performance. The stock has achieved modest gains, and the stop-loss level is set at RM 1.970 to manage risk. Investors are encouraged to watch for price movements towards the target levels of RM 2.25 and RM 2.40, which would signal further potential upside.

Conclusion

PGF Capital’s steady upward trend and favorable technical indicators suggest a positive outlook for the stock. The inclusion in the portfolio with a “Buy” rating indicates confidence in its continued growth. Traders are advised to monitor key support and resistance levels while maintaining adherence to the stop-loss for risk management. The stock remains a strong candidate for investors looking for steady returns.