Singapore Retail Research: A Comprehensive Analysis of Key Companies

Broker: EFA Platform

Date of Report: November 13, 2024

Overview

The latest Singapore Retail Research report provides a detailed analysis of several prominent companies, offering insights into their recent performance, technical indicators, and future projections. The report covers AEM Holdings Ltd, Wasion Holdings Ltd, Dazhong Mining Co Ltd, and Grab Holdings, offering a comprehensive overview of each company’s market position and strategic direction.

AEM Holdings Ltd: Bottoming Out?

Last Price: 1.39

AEM Holdings Ltd. is showing signs of a potential rebound. The company’s recent price action suggests a bullish trend, characterized by the following key indicators:

• Breakout of the corrective downward trendline with a strong bullish engulfing candle.
• Formation of a potential double bottom, with the second bottom slightly higher than the first.
• Prices trending above the conversion and base line of the Ichimoku cloud.
• MACD/signal line rose after the crossover at the bottom, with a positive histogram.
• Stochastic Oscillator continues to rise, confirming the oversold crossover signal.
• 23-period ROC rose sharply above the zero line.
• Volume rose above the 20-period average, indicating renewed bullish strength.

Entry Prices: 1.39, 1.25

Support Levels: 1.25, 1.15

Stop Loss: 1.13

Resistance Levels: 1.50, 2.12

Target Prices: 1.70, 1.87, 1.95, 2.11

Recommendation: Technical Buy

Wasion Holdings Ltd: A Technical Buy Opportunity

Entry Price(s): 6.70, 5.90, 5.50

Wasion Holdings Ltd. is identified as a technical buy, with the following parameters set for investors:

• Stop Loss: 4.98
• Target Prices: 7.40, 8.70, 10.30, 14.70

Dazhong Mining Co Ltd: Poised for Growth

Entry Price(s): 9.93, 8.90, 7.84

Dazhong Mining Co Ltd. also presents a technical buy opportunity, with key entry and exit points detailed as follows:

• Stop Loss: 7.40
• Target Prices: 11.35, 13.40, 19.05, 24.50

Grab Holdings: Hitting All the Right Notes

Grab Holdings has demonstrated strong performance in the third quarter of 2024, with gross merchandise value (GMV) and adjusted EBITDA beating estimates. Key highlights include:

• 3Q24 GMV: +5% quarter-on-quarter, +15% year-on-year
• Adjusted EBITDA: +41% quarter-on-quarter, 2x year-on-year
• Raised FY24F revenue and adjusted EBITDA guidance, ahead of consensus FY24F.
• Focus on improving order frequency and customer retention to drive lifetime value of customers.

Recommendation: Reiterate Add, TP raised to US\$4.90

Other Noteworthy Mentions

The report also briefly mentions other companies with notable performances and projections:

• WHA Corporation: 3Q24 misses on FX loss and expenses.
• Delfi Ltd: An uncertain FY25F priced in.
• Lendlease Global Commercial REIT: Positive reversions driving organic growth.

Market Trends and Indices

The report provides a snapshot of global market trends, including indices and commodities. Key observations include:

• Dow Jones: 43,910.98 (-0.9%, +16.5% YTD)
• S&P 500 Index: 5,983.99 (-0.3%, +25.5% YTD)
• Nasdaq Index: 19,281.40 (-0.1%, +28.4% YTD)
• Significant movements in commodities such as Gold Spot (US\$/oz) at 2,598.28 (+25.9% YTD) and WTI Crude Oil (US\$/barrel) at 68.12 (-15.1% YTD).

Conclusion

The Singapore Retail Research report offers valuable insights into the performance and future prospects of several key companies. Investors should consider the technical buy opportunities presented for AEM Holdings Ltd., Wasion Holdings Ltd., and Dazhong Mining Co Ltd., while also noting the strong performance and strategic direction of Grab Holdings. The comprehensive analysis and detailed recommendations provide a solid foundation for informed investment decisions.