Gamuda Berhad: Aiming for a New High

Gamuda Berhad, an investment holding and civil engineering construction company, is experiencing a bullish phase. The stock closed at a new all-time high, driven by increased trading volume. This momentum follows the breakout from a 1.5-week consolidation triangle, suggesting a continuation of its long-term uptrend.

The Moving Average Convergence Divergence (MACD) has confirmed a golden cross, while the Relative Strength Index (RSI) indicates strengthening buyer momentum. Aggressive traders may find opportunities to go long, with a stop-loss set at RM8.63. The potential upside targets include RM9.50 and the Fibonacci target at RM9.90.

Eastern and Oriental Berhad: Building Momentum

Eastern and Oriental Berhad, an investment holding company involved in property development and management, is showing promising signs. The stock recently broke out above its resistance trend line from its year-high of RM1.15, closing at a 3.5-month high. This movement suggests that bullish momentum is building.

Both the MACD and RSI indicators are trending upwards, reinforcing the strength of the bulls. Traders might consider entering on current levels or on any weakness, with a stop-loss set at RM0.90. The price targets are RM1.01 and RM1.06.

Dialog Group Bhd: Benefiting from Petronas Biorefinery

Dialog Group Bhd is positioned to benefit from a new Petronas biorefinery, despite a first-quarter core net profit that fell short of expectations. The company is expected to announce a new tank terminal soon, which could boost future profits. The target price has been adjusted to RM2.61, reflecting a cautious outlook due to the slow pace of securing new projects.

Hap Seng Plantation: Exceeding Expectations

Hap Seng Plantation has delivered results that surpassed expectations, maintaining an “Add” recommendation with a target price of RM2.25. This performance reflects strong operational execution and favorable market conditions.

HSS Engineers: A Solid Quarter Driven by Baghdad Metro

HSS Engineers reported a robust quarter, driven by contributions from the Baghdad metro project. The company maintains an “Add” recommendation with a target price of RM1.48, showcasing its strategic positioning and growth potential in key infrastructure projects.

SD Guthrie Bhd: Results In Line

SD Guthrie Bhd’s results aligned with expectations, warranting an “Add” recommendation and a target price of RM5.20. The company’s stable performance underscores its resilience in a challenging market environment.

Actively Managed Portfolio: A Medium-Term Investment Strategy

The Actively Managed Portfolio, part of this research, focuses on a medium-term investment strategy based on technical analysis. The portfolio aims to let profits run while cutting losses short, incorporating both trend-following and mean reversion strategies.

Key stocks in the portfolio include Karex, ITMAX System, Ta Ann Holdings, Binastra Corp, Top Glove Corp, PGF Capital, Optimax Holdings, AirAsia X, KJTS Group, and Wellcall Holdings. Each stock is evaluated based on entry price, current price, stop loss, and target price, with a maximum trading period of 1 to 6 months.

Conclusion

This comprehensive analysis highlights the strategic positioning and market potential of key Malaysian companies. Investors and traders are encouraged to leverage these insights for informed decision-making, keeping in mind the dynamic nature of the financial markets.