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.