Date of Report: October 2, 2024
Broker: CGS International
Company Overview
Three-A Resources Berhad is a company listed on the Bursa Malaysia, focusing on the production and distribution of food and beverage ingredients. The company is involved in manufacturing and supplying a variety of specialty ingredients that are essential in the food and beverage industry.
Technical Analysis
As of October 2, 2024, the stock of Three-A Resources experienced a slight decline, trading at RM0.905, down from the entry price of RM0.930. Despite the short-term setback, the stock remains in the portfolio, with the investment strategy relying on its long-term potential for recovery.
Stock Position
- Entry Price: RM0.930
- Current Price: RM0.905
- Stop Loss: RM0.850
- Target Price: RM0.975, RM1.00, RM1.13
Investment Strategy
Three-A Resources constitutes 8% of the actively managed portfolio, with 107,500 shares. The stock has not yet reached its target levels but remains a “Buy” in the portfolio. Investors are advised to hold their positions, with expectations of a future price rebound, given the solid fundamentals and market positioning of the company.
Performance Overview
As of the report date, Three-A Resources shows a slight loss of 2.7%, equating to a paper loss of RM2,687.50. This decline is within acceptable risk parameters, and the stock continues to be monitored with the same stop-loss level in place.
Conclusion
Three-A Resources has experienced minor short-term pressure but retains its potential for growth, supported by its stop-loss and target price strategy. The stock remains a promising pick in the actively managed portfolio, with expectations of future gains as it approaches its target prices.
