Idea of the Day – Trendspotter

SIN: Parkway Life Real Estate Investment Trust – Uptrend intact

Key Things to note (overnight recap)

The report discusses the heavy selling that has resumed in Wall Street’s largest technology companies, with American shares snapping a two-day rebound amid signs investors are paring exposure in US risk assets. European stocks gained. One day before a Federal Reserve decision that will be parsed for an assessment on how President Donald Trump’s trade policies are affecting the economy, US equities slid, with megacaps hitting the lowest since September. Nvidia Corp. sank 3.4% despite laying out plans to expand its AI reign with robots and desktop systems. Data showing hot import prices didn’t help market sentiment either. Treasuries edged up after a solid $13 billion sale of 20-year bonds. Gold climbed to a fresh record. Investors have slashed holdings of US equities by the most on record while cash levels jumped, according to Bank of America Corp.’s latest survey. Just about a month ago, stocks were making new highs on expectations that Trump administration policies would stoke growth. Those assumptions may now be under threat if the economy slows and big bets on artificial intelligence don’t pay off. 2

Parkway Life Real Estate Investment Trust – Technical Buy

Parkway Life REIT’s price action in the near-term is positive and is likely to continue its uptrend. The report highlights the following pointers:
PREIT has been rising steadily since Nov 24 and the recent correction was held on at the key resistance turned support of S$3.99.
Prices are trending above all ichimoku indicators.
MACD/signal line continue to stay elevated above the zero line. Histogram is positive.
Stochastic Oscillator has been rising steadily, indicating strong momentum in the mid-term.
23-period ROC rose above the zero line.
Directional movement index is healthy, indicating strong bullish strength.
Volume remain healthy.
The report recommends a Technical Buy on Parkway Life REIT with entry prices at 4.10, 3.98, 3.85, a stop loss at 3.74, and target prices at 4.35, 4.50, 5.00, and 5.50. 2 – 3

HKG HKG

CITIC Ltd (267) – Technical Buy

Entry Price(s): 10.16, 9.50, 8.50 Stop Loss: 8.05 Target: 11.50, 13.00, 14.60, 20.00

Smoore International Holdings Co Ltd (6969) – Technical Buy

Entry Price(s): 14.80, 12.50, 10.50 Stop Loss: 9.50 Target: 19.80, 25.30, 34.70, 44.00

SIN: ST Engineering Entering a multi-year earnings upcycle

The report highlights the following on ST Engineering:
■ STE’s guidance of high-single-digit Defence topline growth over 2025-29F was a positive surprise, reflecting optimism on foreign spending trends. ■ Solid medium-term revenue/profit guidance gives confidence in STE’s ability to sustain double-digit EPS growth in FY25-26F, by the analyst’s estimates. ■ To reflect stronger growth prospects, the analyst raises the target price to S$7.40 on raised EPS estimates and a higher 25x FY26 P/E multiple (+1.5 s.d. from mean). 2

HKG: China Resources Beer Better consumption environment in 2025F

HKG: AIA Group China: saving ammunition for 1Q25F?

CHN: Ping An Bank A resilient dividend payout ratio