Comprehensive Stock Analysis – CGS Singapore Retail Research Report
Date: February 11, 2025
Broker: CGS
OKP Holdings Ltd: A Bullish Momentum Continues
OKP Holdings Ltd has been identified as a strong performer in the Singapore market, with its bullish uptrend showing no signs of slowing down. The construction giant specializes in road building, expressways, vehicular bridges, and related infrastructure, contributing significantly to urban development. Based on the analysis:
- Entry Prices: 0.380, 0.330, 0.300
- Stop Loss: 0.280
- Targets: 0.450, 0.520, 0.570, 0.610
- Support Levels: 0.355, 0.300
- Resistance Levels: 0.420, 0.570
The technical analysis highlights sustained bullish momentum, breaking out of a re-accumulative range. Indicators such as the Ichimoku setup, MACD, stochastic oscillator, and volume spikes all point to continued upward movement. Investors are encouraged to monitor this stock for long-term gains.
Meituan (3690): A Technical Buy
Meituan, a leading Chinese e-commerce platform, presents an excellent investment opportunity. The stock has been marked as a technical buy with the following details:
- Entry Prices: 162.70, 140.63, 130.00
- Stop Loss: 120.10
- Targets: 200.20, 224.54, 260.66, 330.00
The analysis suggests strong upward potential driven by favorable technical indicators. Investors are advised to consider this stock for medium to long-term growth, with a focus on its ability to deliver consistent returns in the evolving e-commerce landscape.
Fenbi Ltd (2469): A Rising Opportunity
Fenbi Ltd, a company specializing in education technology, is recommended as a technical buy. The stock’s details include:
- Entry Prices: 3.29, 2.80, 2.33
- Stop Loss: 2.17
- Targets: 4.10, 5.54, 6.30, 8.00
Fenbi’s technical setup indicates a promising trajectory. With its innovative approach to education, the company is well-positioned for significant growth in the coming quarters.
Zijin Mining Group Co Ltd (2899): Mining for Success
Zijin Mining Group, a major player in the mining industry, has been flagged as another technical buy opportunity. Key details include:
- Entry Prices: 16.14, 15.46, 14.00
- Stop Loss: 13.50
- Targets: 18.70, 20.54, 22.30, 28.00
With a robust technical setup and increasing demand for commodities, Zijin Mining is poised for long-term growth. Investors are encouraged to capitalize on this opportunity.
Venture Corporation: A Mixed Outlook
Venture Corporation is expected to report weaker Q4 2024 financial results, with net profit estimated at S\$59 million, reflecting declines of 2.7% quarter-on-quarter and 11.6% year-on-year. Despite this, the company has potential re-rating catalysts for FY25-26, including new product launches like data-center cards and e-cigarettes for the U.S. market.
Target Price: S\$15.3
The recommendation for Venture Corporation is to maintain an “Add” rating, as long-term prospects remain positive despite short-term challenges.
Frasers Property Limited: Driving Value Creation
Frasers Property Limited remains focused on creating value through strategic initiatives. While detailed financial figures are not provided, the company’s commitment to growth and operational efficiency is evident. Investors are advised to keep an eye on this property giant for future opportunities.
Kumpulan Kitacon Bhd: Steady Growth Ahead
Kumpulan Kitacon Bhd is highlighted for its steady growth trajectory and expanding opportunities in Malaysia. With a stable business model and increasing market presence, the company is well-positioned to deliver sustained performance.
Advanced Info Service (AIS): Strong Q4 Performance
Advanced Info Service (AIS) exceeded expectations in Q4 2024, driven by robust handset sales. The company’s ability to capitalize on market trends and deliver strong financial results makes it a solid investment choice for those seeking exposure to the telecommunications sector.