Monday, November 18th, 2024

Three-A Resources Faces Minor Setback Amidst Strong Long-Term Prospects

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.

Yangzijiang Shipbuilding: Strategic Expansion and Strong Financials Drive 29% Upside Potential

Introduction Yangzijiang Shipbuilding (YZJSB) continues to assert its dominance in the shipbuilding sector, and with its recent strategic investments and strong financial outlook, the company presents an attractive investment opportunity for potential investors. In...

SATS and SGX

SATS (SGX: S58): Price Correction Ahead, Trading Sell Recommendation: Trading Sell Target Price: S$3.35 Protective Stop: S$3.76 Date of Recommendation: September 9, 2024 Broker Company: UOB Kay Hian Investment Thesis: SATS, a major player...

COLI Positioned for Growth as China Implements Robust Property Sector Reforms

Date of Report: September 26, 2024Broker: CGS International Securities COLI Overview China Overseas Land & Investment (COLI) is identified as one of the top picks in the property sector by analysts in the September...