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Southern Acids got strong balance sheet and solid earnings, so hold long-term for the value is actually quite steady. Just watch out for that CPO price volatility because it can anyhow swing the margins anytime.
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