This comprehensive Trendspotter report from Singapore Retail Research, dated March 5, 2025, brings you an engaging deep dive into the latest market developments and technical analyses of several key stocks. The report, delivered by CGS, not only provides an insightful overnight market recap but also details a series of technical recommendations, entry points, stop loss levels, and price targets for a select group of companies across the region. Read on for an engaging breakdown of each featured stock, with detailed analysis and actionable recommendations for investors.
Market Overview and Key Context
The report begins with an overview of the global market conditions. Oil prices have been volatile due to mixed signals from the war in Ukraine, potential new US tariffs, and anticipated Chinese stimulus measures. Traders are closely watching how factors like Canadian and Mexican tariff moves, alongside China’s parliamentary developments, may shape the market sentiment. With crude trading near lows and hedge funds reducing their net-long exposure to West Texas Intermediate crude, the macro environment underscores the importance of technical analysis for risk-managed positions in equities.
Deep Dive Analysis by Company
Hong Leong Asia Ltd – Technical Buy
Overview:
Hong Leong Asia Ltd functions as the trade and industry arm of the Singapore conglomerate Hong Leong Group. The company is involved in diversified sectors including diesel engines, building material supply chains, rigid plastic packaging, air-conditioning systems, as well as ventures in hospitality and property development.
Technical Snapshot:
The stock has maintained a steady uptrend channel since July 2024, demonstrating strong bullish potential despite a recent correction. A bullish morning star pattern has formed just above a key immediate support level of S\$0.910. Prices are comfortably trading above all Ichimoku indicators, with the MACD histogram showing positive momentum and a rising MACD/signal line. Additionally, the Stochastic Oscillator and a steadily rising 23-period Rate of Change (ROC) confirm the strength of the trend. Volume expansion further reinforces the bullish setup.
Entry, Support, Stop Loss and Targets:
• Entry Prices: 1.01, 0.930, 0.870
• Support: 0.910 and 0.815
• Stop Loss: 0.810
• Resistance: 1.06 and 1.20
• Price Targets: 1.12, 1.25, 1.40, 2.10
Recommendation:
Analysts recommend a technical buy with confidence in the momentum built by the bullish chart patterns and supportive technical indicators. This solid technical backing justifies adding to positions at the current levels.
Uni-President China Holdings Ltd – Technical Buy
Overview:
Uni-President China Holdings Ltd is positioned for growth, with technical indicators prompting a buy recommendation. The analysis focuses on the favorable technical setup that supports a continued upward move.
Entry, Stop Loss and Price Targets:
• Entry Prices: 8.52, 8.00, 7.45
• Stop Loss: 6.55
• Targets: 9.80, 11.20, 13.80, 16.00
Recommendation:
A technical buy recommendation is issued based on precise entry points and clearly defined exit strategies, making the stock an attractive proposition for traders looking to capitalize on its potential uptrend.
Abbisko Cayman Ltd – Technical Buy
Overview:
Abbisko Cayman Ltd is another promising candidate highlighted in the report. Its technical setup indicates that there is substantial momentum for a continued upward trajectory.
Entry, Stop Loss and Price Targets:
• Entry Prices: 6.87, 6.00, 5.35
• Stop Loss: 4.85
• Targets: 8.80, 10.50, 13.70, 15.00
Recommendation:
With a technical buy signal, Abbisko Cayman Ltd is recommended as a sound addition for investors who appreciate well-defined risk controls and clear upside targets.
HD Korea Shipbuilding & Offshore Engineering Co Ltd – Technical Buy
Overview:
Focused on the shipbuilding and offshore engineering sectors, HD Korea Shipbuilding & Offshore Engineering Co Ltd features a robust technical narrative. The stock is positioned for growth as it capitalizes on its international stature in the engineering field.
Entry, Stop Loss and Price Targets:
• Entry Prices: 235,500, 210,000, 190,000
• Stop Loss: 176,600
• Targets: 287,500, 300,800, 320,000, 370,750
Recommendation:
The technical buy recommendation is driven by strong support levels, clear bullish momentum, and a healthy risk/reward setup, making it a compelling consideration for investors in the shipbuilding and offshore engineering arenas.
ASMPT Limited – Add Recommendation
Overview:
ASMPT Limited is noted for its contribution from AP tools, with expectations for a notable revenue uplift for the upcoming fiscal years. Despite a 52% year-on-year fall in core net profit in FY24 driven by a subdued recovery in the automotive and industrial segments, the outlook is poised for a rapid recovery due to a surge in TCB demand.
Key Points:
• FY24 core net profit declined sharply by 52% year-on-year.
• Anticipated robust AP revenue growth in FY25-26F owing to strong demand signals.
• The target price is set lower at HK\$91.0, based on a 2.3x FY25F price-to-book value (P/BV) ratio.
Recommendation:
An “Add” recommendation is issued for ASMPT Limited, suggesting that despite recent challenges, the company’s anticipated recovery and earnings trajectory present a compelling long-term growth story for investors.
Pacific Radiance – Multiple Growth Drivers Ahead
Overview:
While fewer technical details are provided for Pacific Radiance, the report highlights the presence of multiple growth drivers that are expected to benefit the company’s performance. The emphasis on broad-based multiple growth factors indicates that Pacific Radiance is positioned to capitalize on emerging market opportunities.
Recommendation:
Given the exciting growth prospects, Pacific Radiance is recommended as a stock with strong multiple growth drivers. Investors should consider the potential long-term upside as part of their diversified portfolio.
Additional Insights and Market Strategy
The report also touches on other relevant market updates, including:
• A concise wrap-up of the Malaysian market strategy for February 2025.
• An economics update noting that inflation appears to have likely bottomed.
These market insights underscore the broader economic environment in which the featured technical plays are being evaluated, reminding investors to consider both macroeconomic indicators and company-specific technicals when making investment decisions.
Conclusion
The Trendspotter report from CGS on March 5, 2025, presents a thorough technical analysis and detailed stock recommendations for a range of companies across Asia. With carefully outlined entry points, robust technical indicators, and well-defined risk management strategies, the report aids investors in making informed decisions. Whether it is the consistent uptrend of Hong Leong Asia Ltd, the compelling technical setups from Uni-President China Holdings, Abbisko Cayman, and HD Korea Shipbuilding, or the growth prospects for ASMPT Limited and Pacific Radiance, the report provides a multi-dimensional view of the market designed to support strategic portfolio decisions.
