Comprehensive Analysis of Key Companies – November 7, 2024

Broker: CGS International Securities

Seatrium Ltd – Bullish Continuation

Seatrium Ltd has shown a bullish continuation in its stock performance. The company, which offers engineering solutions for the offshore, marine, and energy industries, has reached our second target price at S\$2.14. The stock has broken above the long-term downtrend line of one year and formed a series of higher highs and lows, indicating a bullish breakout of the falling wedge formation.

The following key pointers highlight its potential for further growth:

• Bullish Breakout: The stock has broken above the long-term downtrend line, indicating a bullish breakout of the falling wedge formation.
• Ichimoku Indicators: Prices are trending above all Ichimoku indicators.
• MACD and ROC: The MACD and its signal line are rising, with a positive histogram. The 23-period ROC has risen above the zero line.
• Directional Movement Index: This confirms the bullish strength of the stock.
• Volume Expansion: Volume is in a healthy expansion, supporting the bullish trend.

Current stock price: S\$1.97
Entry prices: S\$1.97, S\$1.80, S\$1.60
Support levels: S\$1.73, S\$1.48
Stop loss: S\$1.45
Resistance levels: S\$2.10, S\$2.47
Target prices: S\$2.14, S\$2.22, S\$2.35, S\$2.50

OSL Group Ltd (863) – Technical Buy

OSL Group Ltd is another promising stock on our radar. The company has shown technical buy signals with entry prices at 8.16, 6.38, and 5.20. The stop-loss is set at 4.15, and the target prices are 10.15, 12.12, 15.00, and 18.82. Investors should consider this stock for its potential growth and technical indicators.

Capitaland Investment (CLI) – Building Momentum Towards 4Q24Fv

Capitaland Investment (CLI) has reported a 9M24 revenue of S\$2.1bn, which is broadly in line with expectations, making up 72% of our FY24F forecast. The revenue was lifted by the commercial management and private funds segment. We maintain an “Add” rating for CLI with an unchanged target price (TP) of S\$4.30.

Singapore Post Ltd – Awaiting Value Unlocking Initiatives

Singapore Post Ltd is on our watchlist as we await value unlocking initiatives. The company is positioned for potential growth, and we are keeping a close eye on its developments.

SIA Engineering – Fundamentals Trending in the Right Direction

SIA Engineering has shown positive trends in its fundamentals. The company is demonstrating solid performance, and we believe it has the potential to continue this trend moving forward.

Global Commodities and Indices Overview

Global commodities and indices have shown varied performances. The Dow Jones index stands at 43,729.93 with a year-to-date (YTD) change of +16.0%, while the S&P 500 index is at 5,929.04 with a YTD change of +24.3%. The Nasdaq index has seen a significant rise to 18,983.46 with a YTD change of +26.5%. In contrast, the Euro Stoxx 50 and Germany’s DAX have shown slight declines.

Notable commodity performances include gold spot at US\$2,659.07 with a YTD change of +28.9% and silver spot at US\$31.18 with a YTD change of +31.0%. WTI crude oil and Brent crude oil have seen declines with YTD changes of -10.7% and -12.5%, respectively.

Most Active Stocks

Malaysia

• 3REN SDN BHD: Last price of 0.40, +41.1% YTD change
• GENETEC TECH BHD: Last price of 0.95, +37.7% YTD change
• CAPE EMS BHD: Last price of 0.37, +1.4% YTD change
• TOP GLOVE CORP B: Last price of 1.16, +7.4% YTD change
• MY EG SERVICES: Last price of 0.89, +4.7% YTD change

Singapore

• SINGAPORE TELECO: Last price of 3.210, +1.6% YTD change
• SEATRIUM LTD: Last price of 1.970, +2.1% YTD change
• SINGAPORE POST: Last price of 0.520, -6.3% YTD change
• GENTING SINGAPOR: Last price of 0.850, +1.2% YTD change
• THAI BEVERAGE: Last price of 0.510, +1.0% YTD change

S&P 500

• NVIDIA CORP: Last price of 145.61, +4.1% YTD change
• TESLA INC: Last price of 288.53, +14.8% YTD change
• INTEL CORP: Last price of 25.05, +7.4% YTD change
• SUPER MICRO COMP: Last price of 22.70, -18.1% YTD change
• BANK OF AMERICA: Last price of 45.41, +8.4% YTD change