Date of Report: October 2, 2024
Broker: CGS International
Company Overview
Tomei Consolidated Berhad is a leading Malaysian company involved in the design, manufacture, and retail of jewelry. With a strong presence in Malaysia, Tomei has built a reputation for quality craftsmanship in gold, silver, and diamond jewelry. The company operates numerous retail outlets nationwide, catering to a wide customer base.
Technical Analysis
As of October 2, 2024, Tomei Consolidated’s stock price remains steady at RM1.860, the same as its entry price. The stock has held its position without significant movement, suggesting a stable outlook as it prepares for potential upward momentum.
Stock Position
- Entry Price: RM1.860
- Current Price: RM1.860
- Stop Loss: RM1.750
- Target Price: RM2.13, RM2.25
Investment Strategy
Tomei Consolidated accounts for 8% of the actively managed portfolio, with 53,700 shares. The stock is rated as a “Buy,” and investors are advised to maintain their positions. Although the stock has not yet gained, the technical indicators suggest that the price may rise towards its target levels in the coming months. The stop-loss level is set at RM1.750 to protect against potential downside risk.
Performance Overview
As of the report date, Tomei Consolidated has not gained or lost value, maintaining a neutral position. However, the company’s strong fundamentals and stable stock performance indicate that it could reach its target price in the medium term.
Conclusion
Tomei Consolidated continues to show a stable performance, with promising upside potential. Investors are advised to hold their positions, as the stock remains a solid candidate for future gains. The defined stop-loss level ensures risk management, while the technical outlook suggests the potential for the stock to reach its target prices.
