Trendspotter: Detailed Analysis of Key Companies
Singapore Retail Research | March 12, 2025
Powered by the EFA Platform
NIO Inc – Technical Buy
Last Price: 4.86
Potential bullish breakout of the range
Technical snapshot:
NIO has reached our 2nd TP of S\$7.00 based on the previous Trendspotter dated 25 Sep 24. Despite a correction, the bullish pressure was rather strong and hence, we are adding on to our technical buy position on NIO. Below are some of the pointers:
- NIO has broken out of the falling wedge and went into a consolidative range.
- Strong bullish pressure was seen closing above the immediate support of HK\$4.54.
- Ichimoku has confirmed the bullish uptrend signal.
- MACD signal line is rising. Histogram is positive.
- Stochastic Oscillator has confirmed the oversold crossover.
- 23-period ROC rose above the zero line.
- Directional movement index is strong on the bullish strength.
- Volume remain healthy.
Entry Price(s):
Support:
Stop Loss:
Resistance:
Target price:
Want Want China Holdings Ltd (151) – Technical Buy
Entry Price(s):
Stop Loss:
Target:
Jacobio Pharmaceuticals Group Co Ltd (1167) – Technical Buy
Entry Price(s):
Stop Loss:
Target:
Hongkong Land Holdings Ltd – Clear path for DPS growth
- Although HKL’s underlying profit in FY24 was dragged by impairment, it grew DPS by 5% yoy, the first DPS increase since FY18.
- Despite a 5% decline in its HK office passing rent, its HK office vacancy was still well below Central Grade-A office’s average as at end-2024.
Recommendation:
Reiterate Hold, with a lower TP of US\$4.82 (a 55% discount to NAV). We expect US\$0.01 p.a. growth in DPS in FY25F-27F.
Sansiri – Good feedback from new condo launches
Power Root Bhd – Earnings and exports to bottom in FY25F
China Strategy – Year of revaluation II: from quick bull to slow bull
Singapore Retail Research | March 12, 2025
Powered by the EFA Platform
