Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Saturday, February 22nd, 2025

Binastra Corp: Steady Ascent with Strategic Growth Opportunities

Date: October 22, 2024
Broker: CGS International

Overview

Binastra Corp is a Malaysian company engaged in the property development sector. It focuses on building residential and commercial properties, emphasizing quality construction and strategic project locations. Binastra has developed a reputation for delivering projects that cater to market demands, aligning its growth with urban expansion and infrastructure development.

Current Stock Performance

  • Last Price: RM 1.47
  • Entry Price Range: RM 1.48
  • Support Levels:
    • Support Level: RM 1.34
  • Resistance Levels:
    • Resistance 1: RM 1.61
    • Resistance 2: RM 1.65
  • Stop Loss: RM 1.34
  • Target Prices: RM 1.61, 1.65

Technical Analysis

Binastra Corp’s stock has shown consistent performance, currently trading slightly below its entry price at RM 1.47. The stock has a stable support level at RM 1.34, which has been effective in maintaining price stability. The technical indicators suggest a steady upward trend, with the potential for the stock to test higher resistance levels at RM 1.61 and RM 1.65 if buying interest continues.

The stock’s resilience around the support level indicates a firm base, while the recent price movements point towards gradual growth. This trend is further supported by strategic project launches and developments by the company, which contribute to its optimistic outlook.

Trading Strategy

Investors may consider long positions at or near the current price of RM 1.47, with a stop loss set at RM 1.34 to manage risk exposure. The upside targets at RM 1.61 and RM 1.65 present favorable opportunities for profit, particularly if the stock maintains its current momentum. The gradual ascent suggests a promising setup for medium-term gains.

Analyst Comments

Binastra Corp’s technical and fundamental outlook remains positive, with strong support levels providing a safety net for traders. The company’s focus on strategic property development projects helps ensure sustained growth, aligning well with urban development trends. If the stock breaks past its initial resistance, it could signal further upside, making it an appealing choice for those seeking stable investment opportunities in the property sector.

Everest Medicines Ltd (HKG: 1952), Lendlease Global Commercial REIT (SGX: JYEU)

Everest Medicines Ltd (HKG: 1952), Lendlease Global Commercial REIT (SGX: JYEU) 💊 Everest Medicines Ltd (HKG: 1952) – Riding the Wave of Technical Momentum Recommendation: BUY Target Prices: HKD 28.30, HKD 33.10, HKD 36.00,...

NetEase Stock Shows Bullish Reversal: Technical Analysis Reveals Strong Buy Signal

Trendspotter: In-depth Analysis of Key Market Players Broker: CGS International Date: November 19, 2024 NetEase Inc (9999): A Bullish Reversal on the Horizon NetEase Inc, trading under the ticker 9999, has captured the attention...

Joyson Electronics Expands Production Capacity to Meet Growing EV Demand

Date: 26 September 2024Broker: UOB Kay Hian (Hong Kong) Limited 1. Company Overview Joyson Electronics (stock code: 600699 CH) is a leading automotive safety and electronics manufacturer based in China. The company focuses on...