Comprehensive Financial Analysis of Key Companies – November 8, 2024

Report by CGS

Keppel DC REIT – Technical Sell

Keppel DC REIT, Asia’s first pure-play data centre REIT listed on the Singapore Exchange, is currently facing bearish momentum. As per the analysis, the price action indicates weakness, suggesting that Keppel DC REIT is entering a larger degree corrective phase. Here are the key pointers:

• KDC is likely to break below the key resistance turned support of S\$2.14 with strong daily bearish momentum.
• The weekly chart shows a larger degree 3-wave structure with the upside B wave just completed, indicating a potential C leg down.
• Ichimoku shows two out of three bearish crossovers.
• MACD/signal line is likely to form a crossover at the top, with the histogram declining.
• Stochastic Oscillator has confirmed the overbought crossover signal.
• 23-period ROC dips below the zero line and has formed a bearish divergence.
• Directional movement index shows strong bearish strength.
• Volume rose above the 20-period average, indicating selling pressure.

Entry Prices: 2.14, 2.23, 2.30
Support Levels: 1.99, 1.76
Stop Loss: 2.38
Resistance Levels: 2.14, 2.36
Target Prices: 1.92, 1.77, 1.70, 1.66

Industrial & Commercial Bank of China Ltd (1398) – Technical Buy

The Industrial & Commercial Bank of China Ltd is currently recommended as a technical buy. Here are the details:

• Entry Prices: 4.90, 4.58, 4.28
• Stop Loss: 3.97
• Target Prices: 5.21, 6.12, 7.00, 8.12

Haidilao International Holding Ltd (6862) – Technical Buy

Haidilao International Holding Ltd is also marked for a technical buy. Below are the entry prices, stop loss, and target prices:

• Entry Prices: 17.92, 16.30, 13.78
• Stop Loss: 10.90
• Target Prices: 19.81, 21.90, 27.00, 38.45

Genting Singapore – VIPs Failed to Show Up

Genting Singapore experienced a significant decline in its 3Q24 adjusted EBITDA, dropping by 52.5% year-on-year to S\$163.9 million. This was primarily due to lower gaming revenue, which fell by 28.2% year-on-year as a result of weaker VIP rolling volume and win rates. Here are the key points:

• 9M24 adjusted EBITDA of S\$734.7 million (-7.9% yoy) missed expectations at 64.3%/64.8% of CGS/Bloomberg consensus FY24F estimates.
• Reduction in FY24F-26F adjusted EBITDA by 6.7-18.4% due to near-term earnings weakness.
• Reiterate Add with a lower target price of S\$1.05.

DBS Group – Focus on Capital Management

DBS Group is focusing on capital management. Specific details about their financial performance were not provided in this report.

Foshan Haitian Flavouring – Good Recovery Trend Continuing in 4Q24F

Foshan Haitian Flavouring is showing a good recovery trend continuing into the fourth quarter of 2024. Specific financial details are not provided in this report.

PTT Oil and Retail Business – Plunged into the Red on Hefty Stock Loss

PTT Oil and Retail Business has plunged into the red due to hefty stock losses. Specific financial details are not provided in this report.

Market Indices and Commodities Overview

Global indices and commodities have shown varied performance. Here’s a quick overview:

• Dow Jones: 43,729.34 (-0.0%, +16.0% YTD)
• S&P 500 Index: 5,973.10 (+0.7%, +25.2% YTD)
• Nasdaq Index: 19,269.46 (+1.5%, +28.4% YTD)
• Other Indices: Euro Stoxx 50, Germany’s DAX, UK’s FTSE 100, Japan’s Nikkei-225, Shanghai SE Composite Index, Hong Kong’s Hang Seng Index, Australia’s ASX 200 Index, India’s BSE Sensex 30, Singapore’s Straits Times Index, Taiwan TAIEX, Korea’s KOSPI, Malaysia’s FBMKLCI, Indonesia’s JCI, Thailand’s SET, Philippines’ PCOMP
• Commodities: Gold Spot, Silver Spot, WTI Crude Oil, Brent Crude Oil, Natural Gas Futures, Copper Futures, Soybeans Futures, Soybean Oil Futures, Soymeal Futures, Sugar Futures, Cocoa Futures, Coffee Futures, Corn Futures, Wheat Futures, Live Cattle Futures, Cotton Futures, Palm Oil Futures, Orange Juice Futures

Most Active Companies in Malaysia

• 3REN SDN BHD: 0.46 (+16.5%, +64% YTD)
• GENETEC TECH BHD: 0.93 (-2.6%, -60% YTD)
• EKOVEST BHD: 0.39 (+5.4%, -20% YTD)
• TOP GLOVE CORP B: 1.12 (-3.4%, +24% YTD)
• INARI AMERTRON B: 3.19 (+6.7%, +8% YTD)

Most Active Companies in Singapore

• YANGZIJIANG SHIP: 2.580 (+1.2%, +80% YTD)
• SINGAPORE TELECO: 3.200 (-0.3%, +33% YTD)
• SEATRIUM LTD: 1.960 (-0.5%, -17% YTD)
• CAPITALAND INVES: 2.800 (-3.8%, -7% YTD)
• GENTING SINGAPOR: 0.840 (-1.2%, -12% YTD)

Most Active Companies in S&P 500

• NVIDIA CORP: 148.88 (+2.2%, +201% YTD)
• INTEL CORP: 26.23 (+4.7%, -47% YTD)
• TESLA INC: 296.91 (+2.9%, +19% YTD)
• WARNER BROS DISC: 9.37 (+11.8%, -18% YTD)
• SUPER MICRO COMP: 25.48 (+12.2%, -10% YTD)

Currency Performance

Various global currencies have shown different performances. Here are some notable ones:

• US Dollar Index: 104.33 (-0.7%, +3.0% YTD)
• Australian Dollar: 1.4968 (-0.1%, +2.0% YTD)
• Canadian Dollar: 1.3863 (+0.0%, +4.7% YTD)
• Euro: 0.9255 (-0.0%, +2.2% YTD)
• Japanese Yen: 152.93 (-0.0%, +8.4% YTD)
• Danish Krone: 6.9017 (-0.0%, +2.2% YTD)
• British Pound: 0.7698 (-0.0%, -2.0% YTD)
• Swiss Franc: 0.8721 (-0.1%, +3.6% YTD)
• Singapore Dollar: 1.3203 (-0.0%, +0.0% YTD)
• South Korean Won: 1.385.09 (-0.0%, +7.3% YTD)
• Taiwan Dollar: 32.25 (-0.0%, +5.5% YTD)
• Hong Kong Dollar: 7.7709 (+0.0%, -0.5% YTD)
• Malaysian Ringgit: 4.4043 (-0.0%, -4.1% YTD)
• Indonesian Rupiah: 15,740.00 (-0.0%, +2.2% YTD)
• Thai Baht: 33.94 (-0.4%, -0.9% YTD)
• Indian Rupee: 84.38 (-0.0%, +1.4% YTD)
• Philippines Peso: 58.73 (-0.0%, +6.0% YTD)
• China Renminbi: 7.1424 (-0.0%, +0.6% YTD)

Final Thoughts

In conclusion, the financial market has shown a diverse range of performances across various sectors and regions. As an investor, it’s crucial to stay informed about these movements to make strategic investment decisions. Consult with financial advisors and keep abreast of market updates to navigate the dynamic financial landscape effectively.