Singapore Retail Research: Comprehensive Analysis of Key Companies – November 6, 2024

Broker: CGS International Securities

Introduction

Welcome to the latest edition of our Singapore Retail Research. This comprehensive report covers the detailed analysis of key companies making waves in the market. Our in-depth evaluation will provide insights into the bullish trends, technical buys, and strategic movements of prominent firms.

Jardine Matheson Holdings Ltd – Technical Buy

Last Price: 40.66

Jardine Matheson Holdings Ltd is showing a strong bullish rebound. The company has broken out of a long-term downtrend, forming a series of higher highs and lows. A significant rebound at the 36.88 resistance, now turned support, confirms the bullish trend.

• Entry Prices: 40.66, 38.30, 36.00
• Support Levels: 36.88, 33.75
• Stop Loss: 34.40
• Resistance Levels: 41.44, 45.23
• Target Prices: 44.25, 50.10, 56.10, 60.16

The stock is trending positively above all Ichimoku indicators, with a positive MACD histogram and rising MACD/signal line near the zero line. The Stochastic Oscillator may cross upwards above the 50-line, indicating a strong bullish signal. Volume remains healthy, supporting the bullish continuation.

Nongfu Spring Co Ltd (9633) – Technical Buy

Nongfu Spring Co Ltd is another company to watch with its promising technical indicators. Here are the entry prices, stop loss, and target prices to consider:

• Entry Prices: 33.25, 30.00, 26.00
• Stop Loss: 22.90
• Target Prices: 39.52, 50.00, 55.00, 62.82

Tencent Holdings Ltd (700) – Technical Buy

Tencent Holdings Ltd presents a strong buying opportunity with the following technical details:

• Entry Prices: 427.80, 400.00, 380.10
• Stop Loss: 359.20
• Target Prices: 474.82, 500.00, 525.00, 560.82

XPeng Inc (9868) – Technical Buy

XPeng Inc is showing a strong technical buy signal with these entry prices and targets:

• Entry Prices: 49.70, 42.00, 36.00
• Stop Loss: 24.90
• Target Prices: 59.82, 62.00, 75.00, 88.82

Other Notable Mentions

Several other companies in the Singapore market have demonstrated notable performance and strategic moves:

Cromwell European REIT

Cromwell European REIT has maintained a stable portfolio with refinancing settled for FY25. The 3Q/9M24 NPI increased by 7.0% year-over-year, in line with projections. Loans are secured, awaiting the optimal time to reissue bonds maturing in FY25. The recommendation remains ‘Add’ for its strong portfolio and capital management strategies.

Elite UK REIT

Elite UK REIT is taking the right steps forward, making it a company to watch in the coming months.

Netlink NBN Trust

Netlink NBN Trust has shown resilient DPS growth of 1.1% year-over-year, indicating stable performance in a competitive market.

CapitaLand Integrated Commercial

CapitaLand Integrated Commercial continues to be a significant player in the market, maintaining its position with strategic moves and stable performance metrics.

Commodities and Indices Overview

Global commodities and indices have shown varying performance, with notable movements in the following:

Indices Performance

• Dow Jones: 42,221.88 (+1.0% YTD 12.0%)
• S&P 500: 5,782.76 (+1.2% YTD 21.2%)
• Nasdaq: 18,439.17 (+1.4% YTD 22.8%)
• Euro Stoxx 50: 4,870.33 (+0.4% YTD 7.7%)
• Germany’s DAX: 19,256.27 (+0.6% YTD 15.0%)
• UK’s FTSE 100: 8,172.39 (-0.1% YTD 5.7%)
• Japan’s Nikkei-225: 38,474.90 (+1.1% YTD 15.0%)
• Shanghai SE Composite: 3,386.99 (+2.3% YTD 13.9%)
• Hong Kong’s Hang Seng: 21,006.97 (+2.1% YTD 23.2%)
• Australia’s ASX 200: 8,131.83 (-0.4% YTD 7.1%)
• India’s BSE Sensex: 79,476.63 (+0.9% YTD 10.0%)
• Singapore’s Straits Times: 3,581.61 (+0.3% YTD 10.5%)
• Taiwan TAIEX: 23,106.79 (+0.6% YTD 28.9%)
• Korea’s KOSPI: 2,576.88 (-0.5% YTD -3.0%)
• Malaysia’s FBMKLCI: 1,620.70 (+0.3% YTD 11.4%)
• Indonesia’s JCI: 7,491.93 (+0.2% YTD 3.0%)
• Thailand’s SET: 1,481.67 (+1.3% YTD 4.6%)
• Philippines’ PCOMP: 7,257.94 (+1.7% YTD 12.5%)

Currency Performance

• US Dollar Index: 103.42 (-0.4% YTD 2.1%)
• Australian Dollar: 1.5073 (+0.0% YTD 2.7%)
• Canadian Dollar: 1.3829 (+0.0% YTD 4.4%)
• Euro: 0.9151 (-0.0% YTD 1.0%)
• Japanese Yen: 151.65 (+0.0% YTD 7.5%)
• Danish Krone: 6.8251 (-0.0% YTD 1.1%)
• British Pound: 0.7672 (+0.1% YTD -2.3%)
• Swiss Franc: 0.8630 (-0.1% YTD 2.6%)
• Singapore Dollar: 1.3143 (-0.1% YTD -0.5%)
• South Korean Won: 1,380.57 (-0.0% YTD 6.9%)
• Taiwan Dollar: 31.96 (-0.0% YTD 4.5%)
• Hong Kong Dollar: 7.7724 (-0.0% YTD -0.5%)
• Malaysian Ringgit: 4.3460 (-0.1% YTD -5.4%)
• Indonesian Rupiah: 15,749.00 (-0.0% YTD 2.3%)
• Thai Baht: 33.61 (-0.2% YTD -1.9%)
• Indian Rupee: 84.11 (-0.0% YTD 1.1%)
• Philippines Peso: 58.32 (-0.0% YTD 5.3%)
• China Renminbi: 7.1047 (-0.0% YTD 0.1%)

Global Commodities

• ThomReuters/Jefferies CRB: 283.65 (+0.3% YTD 7.5%)
• Gold Spot (US\$/oz): 2,744.12 (+0.0% YTD 33.0%)
• Silver Spot \$/Oz: 32.66 (+0.6% YTD 37.2%)
• WTI Crude Oil (US\$/barrel): 71.99 (+0.7% YTD -10.3%)
• Brent Crude Oil: 75.44 (+0.5% YTD -12.2%)
• Natural Gas Futures: 2.67 (-4.0% YTD -40.3%)
• Copper Futures: 447.50 (+1.0% YTD 17.4%)
• Soybeans Futures: 1,001.75 (+0.5% YTD -22.6%)
• Soybean Oil Futures: 44.99 (-1.3% YTD -6.0%)
• Soymeal Futures: 299.50 (-0.0% YTD -22.4%)
• Sugar Futures: 21.90 (-0.1% YTD 9.3%)
• Cocoa Futures: 7,251.00 (-1.1% YTD 178.9%)
• Coffee Futures: 250.15 (+1.7% YTD 49.5%)
• Corn Futures: 418.50 (+0.5% YTD -38.3%)
• Wheat Futures: 572.50 (+0.7% YTD -27.7%)
• Live Cattle Futures: 184.78 (-0.2% YTD 17.0%)
• Cotton Futures: 69.95 (+0.0% YTD -16.1%)
• Palm Oil Futures (3rd month): 4,731.00 (-0.3% YTD 27.1%)
• Orange Juice Futures: 456.75 (-2.5% YTD 42.6%)

Most Active Stocks

Here are some of the most active stocks in Malaysia, Singapore, and the S&P 500:

Most Active Malaysia

• CAPE EMS BHD: 0.36 (+4.3% YTD -66%)
• SORENTO CAPITAL: 0.43 (+7.6% YTD 15%)
• AIZO GROUP BHD: 0.16 (+6.9% YTD 7%)
• TA WIN HLDGS BHD: 0.03 (+66.7% YTD -38%)
• OB HOLDINGS BHD: 0.27 (+1.9% YTD 13%)

Most Active Singapore

• THAI BEVERAGE: 0.505 (-1.0% YTD 1%)
• SINGAPORE TELECO: 3.160 (+1.3% YTD 31%)
• GENTING SINGAPOR: 0.840 (-1.8% YTD -12%)
• SEATRIUM LTD: 1.930 (+1.6% YTD -18%)
• YANGZIJIANG SHIP: 2.500 (-0.4% YTD 74%)

Most Active S&P 500

• NVIDIA CORP: 139.91 (+2.8% YTD 183%)
• SUPER MICRO COMP: 27.70 (+6.4% YTD -3%)
• PALANTIR TECHN-A: 51.13 (+23.5% YTD 198%)
• INTEL CORP: 23.32 (+3.6% YTD -53%)
• TESLA INC: 251.44 (+3.5% YTD 1%)

Conclusion

This comprehensive analysis highlights the significant movements and strategic positions of key companies in the Singapore market. Our detailed evaluation of Jardine Matheson Holdings Ltd, Nongfu Spring Co Ltd, Tencent Holdings Ltd, and XPeng Inc provides valuable insights for investors to make informed decisions. Stay tuned for more updates and in-depth analysis in our next report.