Friday, March 14th, 2025

Trendspotter: Potential Bullish Breakout for NIO Inc. 2

Trendspotter: Detailed Analysis of Key Companies

Singapore Retail Research | March 12, 2025

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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):

  • 4.86
  • 4.50
  • 4.10

Support:

  • 4.54
  • 4.11

Stop Loss:

  • 2.98

Resistance:

  • 5.32
  • 7.00

Target price:

  • 6.60
  • 7.08
  • 8.10
  • 9.80

Want Want China Holdings Ltd (151) – Technical Buy

Entry Price(s):

  • 5.09
  • 4.80
  • 4.49

Stop Loss:

  • 4.29

Target:

  • 5.61
  • 6.10
  • 7.90
  • 9.20

Jacobio Pharmaceuticals Group Co Ltd (1167) – Technical Buy

Entry Price(s):

  • 2.89
  • 2.10
  • 1.74

Stop Loss:

  • 1.23

Target:

  • 4.11
  • 6.40
  • 7.70
  • 9.20

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
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