The latest Trendspotter report outlines a dynamic market environment, where overnight US stocks closed at a five‐week low amid disappointing consumer data while bonds surged to new lows in yields. With major indices such as the Nasdaq 100 experiencing notable losses and speculative assets like Bitcoin sliding, investors are increasingly focused on technical setups and fundamental developments. Against this backdrop, Singapore Retail Research presents a comprehensive review of several key companies, detailing technical entry points, price targets, earnings insights, and clear recommendations.
Market Overview
Recent market data from Bloomberg reveals that the US consumer outlook—along with a slump in retail, services, and housing data—has sparked renewed concerns about economic growth. With traders pricing in potential Fed rate cuts and a cautious sentiment overriding inflation worries, these macro trends set the stage for an analysis focused on individual stocks and technical setups. The report highlights a mixture of strong technical calls and adjustments in revenue forecasts, ensuring investors have a complete picture of both market sentiment and stock-specific opportunities.
In-Depth Company Analysis
SingTel Ltd (Technical Buy)
Singapore Telecommunications Limited, a global leader in wireless telecommunication services, has recently broken out of a consolidative trading range. The report details that SingTel’s stock rallied more than 3% following a small correction at the top of its range at S\$3.42. The technical analysis reveals a bullish flag formation and a resilient support level maintained above S\$3.20.
Key technical indicators provide strong confirmation for the uptrend:
- Prices are trading above all Ichimoku indicators.
- The MACD and signal line remain elevated with the histogram in bullish territory.
- The Stochastic Oscillator is on the rise, reaffirming momentum.
- The 23-period ROC is comfortably above the zero line.
- Healthy trading volumes support the strong technical outlook.
The recommended entry prices are S\$3.32, S\$3.20, and S\$3.06, with a stop loss set at S\$2.92. Key resistance levels are observed at S\$3.42 and S\$3.80 while multiple target prices are noted at S\$3.55, S\$3.60, S\$3.80, and S\$4.20. This comprehensive technical support not only confirms the current uptrend that has been in place since October 2023 but also signals further upward potential.
Huadian Power International Corp Ltd (HKG, Technical Buy)
Huadian Power International Corp Ltd is positioned as a strong technical buy. The report provides detailed entry levels at 4.23, 4.00, and 3.60, with a protective stop loss placed at 3.38. The clear target progression is outlined with successive price targets at 4.70, 5.40, 6.30, and 7.80. This structured approach allows technical investors to capture upward moves while managing downside risk effectively.
Link REIT (HKG, Technical Buy)
Another key recommendation from the report is for Link REIT, rated as a technical buy. Entry prices are established at 35.40, 33.60, and 30.20, with a stop loss level at 29.50 ensuring disciplined risk control. The stock is projected to advance through multiple targets at 40.80, 44.80, 50.40, and ultimately 57.00. This progression outlines a clear path for investors seeking to capture the uptrend in the REIT sector.
Akeso Inc (HKG, Technical Buy)
Akeso Inc has attracted attention as a technical buy, with precise entry points at 71.40, 61.70, and 53.20. The downside is safeguarded by a stop loss at 49.50. The report charts an ambitious upward trajectory with target prices at 90.80, 104.80, 115.40, and 137.00. This robust technical structure makes a compelling case for investors focused on growth opportunities in the healthcare sector.
Aztech Global Ltd (Singapore) – Order Book Recovery Analysis
The analysis for Aztech Global Ltd takes a more cautious tone. Although the company delivered a net profit in line with expectations, its FY24 revenue fell short by 9% to 8% below consensus expectations. The final dividend per share (DPS) recorded 3.0 Scts, which was in line with forecasts; however, a special dividend of 7.0 Scts came as a surprise. With an interim DPS of 5.0 Scts resulting in an FY24 total DPS of 15.0 Scts, the order book recovery has not materialized as anticipated. Consequently, revenue forecasts for FY25 and FY26 have been revised downwards, and the recommendation was downgraded from an “Add” to a “Hold.”
Credit Bureau Asia Ltd (Singapore) – Sustained Demand
Credit Bureau Asia Ltd is noted for its sustained demand across segments. The report underscores steady performance in this segment, adding confidence from an operational perspective even as no specific trade levels or targets are provided. This consistency in demand reinforces the stock’s positioning from a technical analysis viewpoint.
CP All (THB) – Strong 4Q24 Earnings
CP All, quoted in Thai Baht, reported strong 4Q24 earnings that beat market expectations. While detailed financial metrics are not expanded upon further in the report, the earnings beat highlights CP All’s robust performance in its core operations, offering a positive outlook for investors in the region.
Trip.com (HKG) – Aggressive Global Expansion
The report also spotlights Trip.com, indicating that the company is set to embark on a more aggressive global expansion. Although the details are succinct, this forward-looking view underscores the company’s strategic initiatives to capture a broader market share internationally, an aspect that may be well received by investors closely monitoring the travel and technology sectors.
Conclusion
The Trendspotter report from Singapore Retail Research provides an engaging and comprehensive overview of key market candidates, blending detailed technical analysis with earnings insights and strategic commentary. With strong technical buy recommendations for SingTel Ltd, Huadian Power International, Link REIT, and Akeso Inc, the report offers clear entry points and target prices designed to maximize potential gains while minimizing risks. In contrast, the more cautious outlook on Aztech Global Ltd, coupled with steady demand for Credit Bureau Asia Ltd, a celebrated earnings beat by CP All, and the promising expansion strategy of Trip.com, ensure that investors have a well-rounded view of the diverse market landscape.
This report, meticulously prepared on February 26, 2025 by Singapore Retail Research, serves as an indispensable resource for those seeking to navigate the evolving market dynamics with precision and confidence.
