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Southern Acids (M) Berhad trades around MYR 3.43, supported at 3.34–3.35 with upside if it breaks 3.45. Strong cash, low debt, and upcoming AGM/dividend may drive short-term gains.
Southern Acids (M) Berhad trades near RM3.30, within its 52-week range of RM2.8–3.6. Earnings have improved strongly with a solid balance sheet, though oleochemical margins and CPO volatility remain risks. Short-term, the stock looks range-bound between RM3.2–3.4, with resistance at RM3.43 and support near RM3.16.
play for funs keeping since Aug 3, 2023 when the TP hovering at 3.38 Then, thought of selling all at 3.85; accidentally entered as buy; luckily done 3400 units. Or else, jailat...
Managed to sold all at 3.65 and thanks to in-house buyer's. Really appreciate your AngPow...hahaha
