Date: October 22, 2024
Broker: CGS International

Company Overview

Gamuda Berhad is a leading infrastructure and construction company in Malaysia. The company is involved in various projects ranging from property development to large-scale infrastructure projects, making it one of the key players in the construction sector.

Technical Analysis

• Current Price: RM 8.20
• Entry Price: RM 8.15
• Support Level: RM 7.40
• Stop Loss: RM 7.40
• Target Prices: RM 8.74, RM 9.00

Recent Performance and Indicators

Gamuda has shown resilience with a slight increase in its current price compared to its entry price, indicating a positive trend. The stock has been performing steadily, with its price remaining above key support levels. The technical setup suggests potential for further gains, aligning with the positive trend observed across the market.

Strategic Analysis

The analysis suggests maintaining a long position on Gamuda as it continues to show strength. The recommended strategy is to consider buying at the current price range with a stop loss set at RM 7.40 to minimize risk. The stock’s target prices are set at RM 8.74 and RM 9.00, indicating potential upside for investors seeking steady gains.

Dividend Information

As of October 21, 2024, CGS International has a proprietary position in Gamuda’s securities, highlighting the broker’s confidence in the stock. This reinforces the positive outlook and suggests that the company’s performance aligns with long-term growth prospects.

Analyst Remarks

The consistent performance of Gamuda and its strategic positioning in the construction sector provide a favorable outlook. With the stock holding above critical support and showing potential for further gains, it presents a solid opportunity for investors looking for stability and growth.