SingTel Ltd: Bullish Continuation Expected
SingTel Ltd, a prominent player in the wireless telecommunication sector, offers a diverse range of services including fixed, mobile, data, internet, TV, and digital solutions globally. The latest technical analysis indicates a bullish trend for SingTel, which has shown a strong rebound at the S\$2.93 support level after a sell-off. The stock has broken through overhead resistance, signaling the end of a 3-wave corrective structure.
Key technical indicators such as the Ichimoku cloud and MACD/signal line suggest a continuation of the bullish trend. The Stochastic Oscillator’s crossover above the 50-level line, along with a 23-period ROC rising above the zero line, further supports this outlook. Rising volume above the 20-period average indicates sustained bullish momentum.
Entry prices are suggested at S\$3.23, S\$3.04, and S\$2.96, with a stop loss at S\$2.82. Resistance levels are identified at S\$3.26 and S\$3.60, with target prices ranging from S\$3.45 to S\$4.20.
Trip.com Group Ltd: Strong Technical Buy
Trip.com Group Ltd, a significant entity in the travel service sector, has been recommended as a technical buy. Entry prices are set at 506.00, 451.00, and 408.64, with a stop loss at 397.38. The target prices are ambitious, aiming at 570.00, 628.60, 750.20, and 783.00. This aggressive target range suggests confidence in Trip.com’s strong outbound and international revenue growth.
Ganfeng Lithium Group Co Ltd: Optimistic Outlook
Ganfeng Lithium Group Co Ltd, a leader in the lithium sector, has been marked as a technical buy with entry prices at 26.45, 23.00, and 19.64, and a stop loss at 17.88. The target prices extend from 30.10 to 74.40, indicating a positive outlook. This aligns with increasing global demand for lithium, crucial for battery production in the electric vehicle market.
Keppel Ltd: Strategic Acquisition and Upgrade
Keppel Ltd is gaining momentum through strategic acquisitions, notably two Singapore data centers, expected to enhance proforma DPU by 8.1%. This acquisition, coupled with equity fund raising to improve proforma aggregate leverage to 33.3%, has led to an upgrade from Hold to Add with a higher DDM-based target price of S\$2.48.
Xiaomi Corporation: Dual Engines Running
Xiaomi Corporation continues to drive forward with two engines operating at full speed, indicative of its robust growth strategy. Although specific technical buy details are not provided, the narrative suggests strong operational performance.
Keppel DC REIT: Expanding Data Center Footprint
Keppel DC REIT’s acquisition of a Singapore DC campus is a strategic move to expand its data center footprint, aligning with the increasing demand for data storage solutions. This acquisition supports the REIT’s long-term growth trajectory.
Conclusion
This CGS Trendspotter report outlines strategic insights and technical analyses on key companies such as SingTel Ltd, Trip.com Group, Ganfeng Lithium Group, and others. Each company exhibits potential for growth, supported by strategic moves and favorable market conditions. Investors are advised to consider these analyses in their investment strategies.
