Date of Report: October 25, 2024
Broker: CGS International
Overview
Three-A Resources Berhad is a Malaysian company engaged in the manufacturing and trading of food and beverage ingredients. The company produces a variety of products, including caramel color, glucose syrup, maltodextrin, and other food ingredients, which are supplied to both local and international markets.
Stock Performance
Three-A Resources is currently listed as a “Buy” in CGS International’s actively managed portfolio. The stock was last traded at RM0.86, and the company is navigating market challenges with a focus on steady growth.
Technical Indicators
- Entry Price: RM0.930
- Current Price: RM0.860
- Stop Loss: RM0.850
- Target Prices: RM0.975, RM1.00, RM1.13
- Position: BUY
Recent Performance Analysis
As of the latest update, Three-A Resources has seen a slight decline in its stock price, currently down to RM0.860 from its entry price of RM0.930, reflecting a 7.5% loss. Despite this, the company maintains a position in the portfolio, indicating continued confidence in its long-term potential.
Investment Strategy
CGS International’s report suggests holding onto the stock, with buy targets set between RM0.975 and RM1.13. The focus is on achieving gains over the medium term, leveraging the company’s solid business model and potential for growth in the food ingredients sector.
Analyst Commentary
The technical analysis indicates that Three-A Resources is positioned for a potential rebound, with target prices set at higher levels. The stock has a recommended stop-loss set at RM0.850 to manage risk. While current prices are below the entry point, the analysis reflects optimism that the stock will recover and hit the projected targets, making it a strategic buy for investors willing to hold.
Source: CGS International Trendspotter, October 25, 2024.
