Wee Hur Holdings Ltd: Strong and Steady Bullish Trend

Wee Hur Holdings Ltd presents a robust investment opportunity characterized by a strong and steady bullish trend. The company, involved in building construction services, acts as a management or main contractor in construction projects for both private and public sectors. Wee Hur has broken out of a consolidative range observed between June and September 2024, surpassing the final target of S\$0.300 from the previous report dated June 19, 2024. The price action indicates a strong upward continuation, suggesting further upside potential.

Key technical indicators demonstrate a promising outlook for Wee Hur Holdings:

• The company has been on a strong uptrend for the past four months, with selling pressure remaining corrective after prices broke above the overhead resistance.
• Ichimoku analysis reveals a three bullish golden cross formation.
• The MACD/signal line maintains an elevated position above the zero line.
• The Stochastic Oscillator may perform a crossover, resuming upward momentum.
• The 23-period ROC has risen above the zero line.
• Trading volume has increased above the 20-period average, indicating sustained bullish strength.

The current entry prices are set at 0.480, 0.410, and 0.380, with a stop loss at 0.320. The target prices are projected at 0.605, 0.780, 0.870, and 0.900, reflecting a continued bullish trajectory.

Kingsoft Corp Ltd: Technical Buy Recommendation

Kingsoft Corp Ltd, listed under HKG: 3888, receives a technical buy recommendation. The entry prices are identified at 31.95, 26.00, and 23.08, with a stop loss set at 21.48. The target prices are projected at 40.10, 49.80, 57.40, and 70.00, suggesting a substantial upside potential for investors.

Meitu Inc: Promising Technical Buy

Meitu Inc, trading under HKG: 1357, is also recommended as a technical buy. The entry prices are established at 3.28, 3.00, and 2.48, while the stop loss is positioned at 2.88. The targets are set at 4.10, 4.80, 5.40, and 7.00, indicating a promising outlook for potential gains.

Frencken Group Ltd: Add Call Reiterated Despite Profit Miss

Frencken Group Ltd, operating under the SIN exchange, reported a 9M24 net profit that was below expectations, forming 63% of both CGS and Bloomberg consensus full-year forecasts. Despite this miss, an Add call is reiterated as the revenue of S\$571.3 million (+6.7% yoy) aligns with 74% of the full-year forecast. The company anticipates a gradual recovery in the semiconductor industry over 2025-26F, supporting the optimistic outlook for future performance.