In-Depth Analysis of Key Companies: November 2024

By CGS International | November 22, 2024

Kingdee International Software Group Co Ltd (268) – The Bullish Upsurge

Kingdee International Software Group Co Ltd is experiencing a significant bullish trend, as highlighted in the November 2024 report by CGS International. The company’s stock, last priced at 9.43 HKD, is expected to see a bullish upside. The technical analysis reveals a break in the downtrend line since March 2017, with the stock supported above the HK\$7.88 level. A bullish morning star pattern has been confirmed, and prices are trending above all Ichimoku lines, indicating strong bullish potential.

The report outlines key technical indicators: the MACD/signal line shows a strong rise, with a positive histogram, while the Stochastic Oscillator continues to ascend, staying above the 50-line. The 23-period ROC is above the zero line, directional movement index is positive, and volume is in healthy expansion. These indicators suggest a promising upward trajectory for Kingdee’s stock.

Frencken Group Ltd – Navigating Profit Misses

Frencken Group Ltd’s financial performance for the first nine months of 2024 reveals mixed results. The company’s revenue of S\$571.3 million marks a 6.7% year-on-year increase, aligning with 74% of the full-year forecast but slightly below the Bloomberg consensus of 72%. However, the net profit of S\$27.3 million, a 42.5% increase year-on-year, fell short of both internal and consensus forecasts, forming only 63% of expectations.

Despite these setbacks, the report maintains an “Add” recommendation for Frencken, anticipating a gradual recovery in the semiconductor industry over 2025-26. The optimism is rooted in the potential rebound in the sector, which could bolster Frencken’s financial performance in the coming years.

SC Asset Corporation – New Joint Ventures on the Horizon

SC Asset Corporation is gearing up for growth with the announcement of three new joint venture projects set to launch in the fourth quarter of 2024. While specific financial details and projections for these projects are not disclosed, the strategic moves indicate the company’s proactive approach to expansion and strengthening its market position. This development is a positive signal for investors looking for growth opportunities in the real estate sector.

UOA Development – Anticipating Stronger Sales Growth

UOA Development is poised for a robust growth trajectory, with the report forecasting stronger sales ahead. The company’s strategic initiatives and market positioning are expected to drive increased sales, bolstering its financial performance. This outlook aligns with the broader expectations of growth within the real estate sector, making UOA Development an attractive proposition for investors seeking exposure in this area.

7-Eleven Malaysia Holdings – Sustaining Consumer Demand

7-Eleven Malaysia Holdings demonstrated resilience in the third quarter of 2024, maintaining strong consumer demand. This sustained demand is a testament to the company’s robust business model and effective market strategies. The report suggests that 7-Eleven Malaysia Holdings is well-positioned to continue leveraging its market presence to drive growth and further consolidate its position in the retail sector.