Date: October 21, 2024
Broker: CGS International Securities Malaysia Sdn. Bhd.

Company Overview

Gamuda is a leading engineering, property, and infrastructure company based in Malaysia. The company is well-known for its involvement in major construction projects, including highways, railways, and water treatment facilities. It also has a significant presence in the property development sector.

Recent Stock Performance

• Last Price: RM 8.20
• Gamuda’s stock has shown slight gains, trading above the initial entry price. The stock’s steady performance reflects investor confidence and potential for continued growth.

Technical Analysis

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

Trading Position

• Current Position: Buy
• Weighting in Portfolio: 8%
• Shares Held: 12,200
• Total Cost: RM 99,430.00
• Market Value: RM 100,040.00
• Profit/Loss: +RM 610.00 (+0.6%)

Trading Recommendation

Gamuda remains a “Buy” within the actively managed portfolio, reflecting confidence in its potential for further gains. The stock has already achieved modest profits, and with stop-loss set at RM 7.40, downside risks are managed. The upcoming target prices of RM 8.74 and RM 9.00 suggest room for further appreciation, positioning the stock favorably for investors looking to capitalize on its steady performance.

Conclusion

With a positive technical outlook, Gamuda continues to demonstrate resilience and potential for future growth. The managed portfolio’s approach to maintaining a buy position indicates a belief in sustained momentum, making it an attractive stock for investors. Traders are advised to watch for potential price movements towards the set targets, while adhering to stop-loss levels for risk management.