Comprehensive Analysis of Listed Companies – Singapore Retail Research

Broker Name: CGS International

Date of Report: November 5, 2024

Introduction

Welcome to our comprehensive analysis of listed companies as observed in the Singapore Retail Research report for November 5, 2024. This detailed dive covers significant companies, their stock performance, technical buy recommendations, and market indices, providing valuable insights for investors.

Key Market Recap

Overnight, stocks failed to gain momentum while bonds climbed, amidst a tight race in the US presidential election between Donald Trump and Kamala Harris. The potential for a disputed result looms, which could increase market volatility. As traders await the Federal Reserve’s rate decision, the week is packed with earnings reports from major US companies. Historically, the S&P 500 tends to see positive returns post-Election Day, with a median gain of 3.9% during election years.

Company Analysis

Laekna Inc (2105) – Technical Buy

Entry Price(s): 11.54, 8.60, 5.20

Stop Loss: 2.48

Target: 16.48, 18.74, 21.40, 27.00

Laekna Inc presents a technical buy opportunity. This company is poised for growth with its entry prices set strategically at 11.54, 8.60, and 5.20. Investors should be cautious with a stop loss at 2.48 but can look forward to potential targets of 16.48, 18.74, 21.40, and 27.00, indicating significant upside potential.

HSBC Holdings PLC (5) – Technical Buy

Entry Price(s): 71.95, 68.60, 65.20

Stop Loss: 62.48

Target: 76.00, 80.80, 85.40, 92.00

HSBC Holdings PLC is a strong candidate for a technical buy. Entry prices are set at 71.95, 68.60, and 65.20 with a stop loss at 62.48. The target prices range from 76.00 to 92.00, suggesting a robust upward movement potential for this financial giant.

Advanced Micro-Fabrication Equipment Inc China (688012) – Technical Buy

Entry Price(s): 199.82, 180.00, 163.00

Stop Loss: 141.30

Target: 239.85, 244.40, 250.05, 279.50

Advanced Micro-Fabrication Equipment Inc China stands out as a technical buy. Entry prices are marked at 199.82, 180.00, and 163.00, with a stop loss at 141.30. The target prices of 239.85, 244.40, 250.05, and 279.50 reflect a promising growth trajectory.

Singapore-Based Companies

Frasers Centrepoint Trust

Frasers Centrepoint Trust (FCT) reported a FY9/24 DPU of 12.0 Scts, reflecting a slight year-over-year decline of 0.9%. This performance aligns closely with forecasted figures. FCT’s portfolio remains stable with healthy positive reversions. A new asset enhancement initiative (AEI) has been announced, reinforcing its potential for organic growth driven by active asset management and resilient demand for prime suburban mall space.

CapitaLand Ascendas REIT

CapitaLand Ascendas REIT continues to stay on track with its performance. While detailed figures are not provided, the REIT demonstrates resilience and reliable growth in line with market expectations.

Suntec REIT

Suntec REIT showcases resilient performance in Singapore. The REIT’s strategies and asset management practices contribute to its steady performance, ensuring it remains a strong player in the market.

Regional Performers

Delta Electronics (Thailand)

Delta Electronics (Thailand) reported a modest core EPS beat for 3Q24. This highlights the company’s ability to maintain solid performance even amidst market fluctuations and economic challenges.

Market Indices and Commodities

The report also provides a snapshot of various market indices and global commodities, detailing their last recorded values, percentage changes, and year-to-date changes. Key highlights include:

• Dow Jones: 41,794.60 (-0.6%, +10.9%)
• S&P 500 Index: 5,712.69 (-0.3%, +19.8%)
• Nasdaq Index: 18,179.98 (-0.3%, +21.1%)
• Gold Spot: \$2,736.72 (+32.7%)
• WTI Crude Oil: \$71.47 (-11.0%)

NetLink NBN Trust – Technical Buy

Last Price: 0.915

Entry Price(s): 0.915, 0.880, 0.860

Support 1: 0.885

Support 2: 0.840

Stop Loss: 0.840

Resistance 1: 0.940

Resistance 2: 1.00

Target Price 1: 0.980

Target Price 2: 1.05

Target Price 3: 1.10

Target Price 4: 1.16

NetLink NBN Trust presents a bullish continuation pattern. The company has broken out of a falling wedge/flag, maintaining its bullish trend. Key indicators such as JCNC and Ichimoku show positive signals, with stochastic oscillator and 23-period ROC supporting the upward momentum. NetLink provides a nationwide network foundational to Singapore’s Next Generation Nationwide Broadband Network (Next Gen NBN).

Conclusion

This comprehensive analysis offers a detailed look at key companies and market indices, providing valuable insights for investors. By understanding these technical buy recommendations and market trends, investors can make informed decisions to optimize their portfolios.