China Oilfield Services Limited (HKG: 2883) – A Technical Buy Opportunity

China Oilfield Services Limited (COSL) emerges as a strong candidate for bullish investment. Trading at its last price of 7.31, the company has exhibited signals of a robust bullish reversal, making it an attractive opportunity for investors.

Key Technical Indicators

• The stock is forming a potential double bottom, often indicative of a reversal trend.
• A strong bullish breakout from the falling wedge pattern confirms early reversal signals.
• Ichimoku indicators reveal two out of three bullish crossovers, with the senkou-span A sloping upward.
• The MACD/signal line has formed a crossover at the bottom, signaling upward momentum.
• The Stochastic Oscillator suggests an oversold crossover, hinting at a price increase.
• The 23-period ROC has surpassed the zero line, further supporting the bullish trend.
• The Directional Movement Index reflects strong bullish strength.
• Trading volume has risen above the 20-period average, indicating heightened interest in the stock.

Investment Recommendations

• Entry Prices: 7.31, 6.60, 6.30
• Support Levels: 7.00, 6.40
• Stop Loss: 6.04
• Resistance Levels: 7.75, 9.43
• Target Prices: 8.20, 9.40, 10.52, 12.00

China Oilfield Services Limited specializes in geophysical prospecting, drilling, oilfield technology development, and transportation services, making it a key player in the oilfield services industry.

Delta Electronics (Thailand) – Facing Multiple Challenges in FY25F

Delta Electronics Thailand is navigating a challenging financial year in FY25F. Although specific financial details and target prices were not elaborated, the company faces hurdles that could impact its performance. Investors are advised to remain cautious and monitor the company’s developments closely before making investment decisions.

Oiltek International Ltd – Promising Growth Ahead

Oiltek International is showcasing a strong growth trajectory with an impressive order book uptrend. The company is projected to achieve a 25.1% compound annual growth rate (CAGR) in earnings per share (EPS). This growth is indicative of the company’s ability to capitalize on market opportunities and expand its business operations. Investors may find this as a compelling growth story to consider.

Bank Central Asia (IND) – Key Takeaways from the CGSI Financial Conference

Bank Central Asia (BCA) offers valuable insights for investors following its participation in the CGSI Financial Conference. While the detailed analysis of its performance was not provided in the report, the institution remains a notable player in the Indonesian banking sector. Investors are recommended to keep this bank on their radar for further updates and opportunities.

Banks in Singapore – Loan Growth Picking Up Momentum

Singapore’s banking sector continues to gain traction, with system loan growth rising 2.3% year-on-year in November 2024. Domestic loans constituted the majority of this expansion, growing at a robust 3.3%. This indicates a recovering economy and increased lending activity within Singapore.

Key Observations

• The split between Current Account Savings Account (CASA) deposits and Fixed Deposits (FDs) has shifted to 51:49, as interest rate cuts reduce the appeal of term placements.
• The sector’s improved growth outlook is already priced in, but further capital management activities could provide additional opportunities.

Recommendation: The sector is rated as Neutral, reflecting a balanced outlook with neither significant upside nor downside potential in the near term.