Eye on stock: Gadang Holdings

Gadang Holdings Bhd had went through a round of relatively long correction phase recently (lasting 13 months) which saw its shares falling to a low of RM1.13 on Aug 25, the worst level since February, last year.

However, just when it appeared defenceless and in great danger of dipping further into the bearish area, a fresh bout of bargain-hunting interest emerged unexpectedly from the sidelines and that has helped lift prices higher. Since then, Gadang never looked back.