Saturday, September 21st, 2024

Author: Minichart

Market Updatesstock of the day

the next possible rally….

Minichart
September 18, 2024

Minichart’s resistance scanner has identified several REITs breaking through resistance levels today. These “tier 2” REITs, including iREITs Global, Manulife, Prime US, and others, are typically less favored by investors due to their foreign...

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Market UpdatesSingapore SGX stocks

Marco Polo Marine is considered deeply undervalued

Minichart
September 17, 2024

Marco Polo Marine (MPM) is a reputable operator in Southeast Asia, focusing on marine logistics. The company engages in chartering, building, converting, maintaining, and repairing vessels. MPM has diversified its operations to serve both...

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Singapore SGX stocksstock of the day

Hong Leong Asia and several glove manufacturing stocks broke through key resistance levels

Minichart
September 16, 2024

Yesterday, Hong Leong Asia and several glove manufacturing stocks broke through key resistance levels, signaling a potential upward trend. From a technical analysis perspective, these stocks now show potential for a further 4% to...

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commoditiesMarket Updates

Commodity market update

Minichart
September 16, 2024

China’s refinery output falls for a fifth month as fuel demand disappoints China’s oil refinery output in August fell 6.2% from a year earlier, official data showed on Saturday, declining for the fifth month...

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Bursa KLSE stocksMarket Updates

Telekom Malaysia: 13.3x FY25F P/E and 3.9% FY24F dividend yield attractive

Minichart
September 16, 2024

Telekom Malaysia Upgrade cycle to continue We raise our FY24F/25F/26F core net profits by 3.3%/1.1%/1.7% post 2Q24 results, leaving us at 104%/115%/122% of Bloomberg consensus estimates. Despite increased competition in retail broadband, we see...

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Market UpdatesSingapore SGX stocks

Civmec trades at defensively low valuations of 7.9x forward P/E

Minichart
September 16, 2024

Civmec Limited’s (S$0.94, unchanged) FY24 results came in-line with expectations with overall revenue and net profit coming in at 109%/105% of our forecast. Revenue rose 24.4% to A$1.0bln from increased activity levels across the...

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Hong Kong stocksMarket Updates

China’s Economic Data for August 2024

Minichart
September 16, 2024

China’s Economic Data for August 2024 The data for China’s economic activity in August 2024 was weaker than expected. The highlights of the report include: GDP Growth Forecast: China’s GDP growth is forecasted to...

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Market UpdatesSingapore SGX stocks

UOL Group Ltd – Technical Buy

Minichart
September 16, 2024

UOL Group Ltd – Technical Buy Last Price: S$5.57 Bullish Reversal Confirmed Key Technical Highlights: Entry Prices: S$5.57 S$5.27 S$5.13 Support Levels: Support 1: S$5.29 Support 2: S$5.09 Stop Loss: S$4.49 Resistance Levels: Resistance...

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Hong Kong stocksMarket Updates

Economic Activity in China

Minichart
September 16, 2024

Economic Activity in China Recommendation: OVERWEIGHT China’s economic activity in August 2024 was weaker than expected, with retail sales, industrial production, and fixed asset investment (FAI) missing expectations: Fixed Asset Investment (FAI): FAI growth...

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Hong Kong stocksMarket Updates

China Merchants Bank (CMB): OVERWEIGHT

Minichart
September 16, 2024

Banking Sector in China Recommendation: OVERWEIGHT Top Pick: China Merchants Bank (CMB) (3968 HK) CMB Share Price: HK$29.65 Target Price: HK$42.00 Upside: +41.7% The Chinese banking sector faces a challenging environment due to macroeconomic...

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