Tanco Holdings Berhad’s share price recently hit a high of RM1.370, and a big reason for this strong performance is the progress on their Smart Container Port project at Port Dickson. On 27 September 2024, Tanco’s subsidiary, Midports Holdings Sdn Bhd (MHSB), received the green light from Malaysia Marine Department (MMD) to move forward with the port development. This came after the department approved MHSB’s Marine Risk Assessment (MRA) Study, which i...

Following its break above the key resistance level of RM1.200, Tanco Holdings has demonstrated significant upward momentum, showing no signs of slowing down, as reflected by the red bar on the chart. From an Elliot Wave (EW) Momentum perspective, the stock continues to exhibit a positive upward trend. We expect this momentum to persist, potentially pushing Tanco Holdings to challenge the next resistance level at RM1.500, with critical support establi...

Market Continues to Improve with Bullish Momentum
The KLSE market is showing continued improvement, gaining bullish momentum. The Short-Term Trend Strength has improved, with 55% of stocks now holding above the short-term trend.
The Market Momentum Tracker has remained in positive territory for the second consecutive day, indicating that the market is sustaining its momentum from the previous day.
For the first time since the end of July, we are obser...

Tanco Holdings Berhad has made a bold move with the proposed development of Malaysia’s first smart AI container port, which is driving its valuation to RM2.6 billion (RM1.200 per share). Here’s why this ambitious project is set to transform both the company and the maritime logistics sector in Malaysia.
The proposed smart AI container port will be built on a 480-acre landbank already owned by Tanco, meaning no additional costs for lan...

Support: RM1.080
Resistance: RM1.100
Based on our observations, we see Tanco Holdings Bhd (2429) is holding up strongly above its key support level of RM1.080, despite market weakness and selling pressure stemming from conversion of warrants. Currently, Tanco Holdings is challenging its key resistance of RM1.100 before trending to historical high with no visible resistance level.
Hence, we see any weakness in the share price of Tanco Holdings would re...

Malaysia's port industry is witnessing an unprecedented surge in demand, marked by record-breaking performances at Northport (M) Bhd and the Port of Tanjung Pelepas (PTP). These ports have set new standards in container and conventional cargo handling, reflecting the growing significance of Malaysia as a key player in global maritime trade.
Northport recently achieved its highest-ever monthly container throughput in July 2024, handlin...