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During this phase, the price repeatedly tested the all-time high level, reflecting persistent buying interest and the formation of a strong resistance zone. With momentum building, the breakout suggests the stock has entered a potential price discovery phase, and sustained trading above this level could pave the way for a move towards the immediate resistance at RM1.800 in the near term.
MEGAFB is supplying security seals, so you can say they are upstream to the logistics players. Nowadays trade activities are getting busier, and with the US-Iran conflict entering what looks like the final stage, demand for security seals may surge
Shahier Sa'min, Head of Shariah at BIMB Securities, noted that Mega Fortris Berhad has been included in the Securities Commission Malaysia's latest list of Shariah-compliant securities, marking a milestone that could broaden the company's investor base and enhance its appeal to Islamic funds and Shariah-conscious investors.