MN Holdings (0245)

MN Holdings, a prominent player in the real estate development sector, has been capturing attention with its technical setup. The stock is currently trading at RM0.97 and is showing signs of an ascending triangle breakout. This pattern, which has been forming since the RM0.82 low, suggests a potential upward momentum. The recent close at a 3-month high, coupled with increased trading volume and rising EMAs, indicates a bullish sentiment.

Both the MACD and RSI indicators have strengthened, further reinforcing the potential for a bullish breakout. Analysts recommend aggressive traders to consider going long, with a stop-loss set at RM0.885. The target prices are set at RM1.02 and RM1.12, reflecting the historical resistance levels.

Able Global (7167)

Able Global, an investment holding company known for manufacturing tin cans and dairy products, has recently broken out of a 2-month long flag pattern. Currently trading at RM1.95, the stock has shown a bullish breakout with a white bullish candle, closing above both the 20-day and 50-day EMAs for the first time since late September.

The MACD and RSI indicators are showing rising buying momentum, suggesting a new short-term uptrend. Investors are advised to consider taking a long position, with a stop-loss set at RM1.84. The stock is projected to test resistances at RM2.06 and RM2.11.

CelcomDigi Bhd

CelcomDigi Bhd has been maintaining an “Add” recommendation with a target price of RM4.50. The company reported a net profit of RM437 million in 3Q24, bringing the 9M24 net profit to RM1,219 million, which is in line with the FY24F estimate. With the merger integration process 70% complete, the integration costs are expected to decline into FY25F. Valued at 15.8x FY25F P/E with a 3.9% FY24F dividend yield, the valuation appears undemanding against a 26% FY23-26F EPS CAGR.

Sansiri

Sansiri, a real estate developer, is maintaining an “Add” recommendation with a higher target price of THB2.12. The company is expected to have its strongest quarter in 4Q24, highlighting its potential for growth and profitability in the near term.

ST Engineering

ST Engineering has been recommended to “Maintain Add” with a target price of S\$5.30. The company is advised to look past the current bumps, suggesting strong long-term prospects and potential for recovery and growth.

Srisawad Corporation

Srisawad Corporation has been downgraded to “Hold” with a higher target price of THB40.50. The company faces challenges with softer loan growth and higher NPLs in 3Q24, indicating potential headwinds in the coming quarters.

Actively Managed Portfolio Overview

The Actively Managed Portfolio, designed for medium-term investments based on technical analysis, emphasizes trend-following strategies. With a maximum trading period of 1 to 6 months, the portfolio aims to let profits run and cut losses short. The portfolio currently includes stocks like Karex, ITMAX System, Ta Ann Holdings, Binastra Corp, Top Glove Corp, PGF Capital, Optimax Holdings, AirAsia X, Critical Holdings, KJTS Group, and Wellcall Holdings. Each stock has specific entry prices, stop-loss levels, and target prices, reflecting the technical analysis and market conditions.