Report Date: October 22, 2024
Broker: CGS International

Overview

Gamuda Berhad is a prominent infrastructure and engineering company involved in the development of large-scale projects. It has a diverse portfolio that includes construction, property development, and infrastructure concessions, making it a significant player in Malaysia’s construction industry.

Trading Portfolio Performance

Gamuda is one of the existing stocks in the Actively Managed Portfolio recommended by CGS International. As of the report date, the stock has shown a steady performance, reflecting positive technical signals that indicate potential for further growth.

Key Technical Indicators

• Current Price: RM8.20
• Entry Price: RM8.15
• Stop-Loss Level: RM7.40
• Target Price Levels: RM8.74, RM9.00
• Support Levels: RM7.40

Performance Summary

• Shares Held: 12,200
• Total Cost: RM99,430.00
• Market Value: RM100,040.00
• Profit/Loss: +RM610.00 (+0.6%)

Recommended Trading Strategy

The report maintains a “Buy” recommendation for Gamuda, reflecting a positive outlook. The analysts suggest holding the position as the stock continues to show strength in its technical setup. With current support at RM7.40, the stock has a favorable risk-reward ratio and potential to hit the target price of RM9.00.

Analyst Commentary

Analysts at CGS International believe that Gamuda’s steady performance is backed by a robust technical structure. The stock has managed to stay above key support levels, indicating resilience and a possible continuation of its upward trend. They maintain a “Buy” stance, encouraging traders to hold the position as long as it remains above the stop-loss level, with potential for further gains toward the set targets.