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Technical Focus – 16th Dec 2020

Established in 1977, 3A is one of the leading food and beverage ingredients manufacturer which supply its products locally (61%), to Singapore (9%) and other foreign countries (30%). 3A has been constantly upgrading its plant to improve its production efficiencies. Meanwhile, in respond to the increasing demand for the HVP and caramel products, the group has been expanding both the HVP and caramel plants. Also, 3A has invested in R&D to broaden the range of their existing products. Technically, price has experienced a resistance breakout above RM0.90, targeting the resistances at RM1.05-1.10-1.15, while the support is at RM0.91.
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seller; the net selling stood at RM72.6m, snapping the 4 days of inflow by the
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HSI warrants take on centre stage last week

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technical focus

Technical Focus – HARBOUR

An integrated logistics services provider, shipping and engages in construction works, heavy lifting and haulage as well as property development with established footprint extends across the Intra-Asia region. Capitalising on the increasing charter and freight rates that was stemmed by the global supply chain disruption following the shortage of vessels, coupled with the improving trade activities. Current price at RM1.01 is trading at a discount to its book value per share of RM1.12 which was recorded in 3QFY21. Technically, traders may anticipate for a short-term breakout above RM1.01, to target next resistances at RM1.06-1.13 with long term target set at RM1.20.

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