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Friday, October 17th, 2025

Day: September 16, 2024

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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Hong Kong stocksMarket Updates

Construction Sector in China

Minichart
September 16, 2024

Construction Sector in China Recommendation: MARKET WEIGHT Top Pick: China State Construction Engineering Corporation (CSCEC) (601668 CH) CSCEC Share Price: Rmb4.77 Target Price: Rmb6.09 Upside: +27.7% China’s construction sector continues to struggle amid weak...

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