Company Overview On Three-A Resources

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3A THREE-A RESOURCES

Last (MYR): 1.070
(16/11/2017)

COMPANY BACKGROUND
Three-A Resources Berhad, an investment holding company, engages in the manufacture and sale of food and beverage ingredients primarily in Malaysia. The company’s products include liquid caramel, caramel color, caramel powder, distilled vinegar, natural fermented vinegar, rice vinegar, soya protein sauce, glucose syrup, maltose syrup, hydrolyzed vegetable protein powder, soya sauce powder, and maltodextrin. It also sells its products principally in Hong Kong, China, South Korea, Singapore, Indonesia, the Philippines, Australia, and the United States. The company was founded in 1977 and is based in Seri Sungai Buloh, Malaysia.

COMPANY NEWS
Three-A Resources Berhad announced the interim single-tier dividend of 1.80 sen per ordinary share for the financial year ending December 31, 2017, payable on December 12, 2017.

For the quarter ended 30 september 2017, the company reported revenue of MYR 96,542,000 as compared to MYR 88,226,000 for the same period last year.

FUNDAMENTAL OVERVIEW
Announcement of interim dividend by the company resulted in rise in stock prices on 6th November which resulted in profit booking at higher level and sudden fall back of the stock.
Also KLCI was down for last 4 days which has affected the stock price. And due to market pressure stock remained consolidated.

TECHNICAL OVERVIEW

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As per the technical charts it is showing the stock has sustained a strong support of MYR 1.03 and it is expected to rebound from there.
The stock is trading at RSI level of 32 which shows its oversold position nearing towards RSI level of 30 which indicates the strong oversold position of stock.

Our View: As per the fundamental Analysis and as per Technical charts, one can enter the stock at MYR1.03. If any one already holding this stock, one can re-enter the Stock to average.

 

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