Yangzijiang Shipbuilding Holdings Ltd: Poised for a Strong Break
Yangzijiang Shipbuilding Holdings Ltd stands as a beacon in the shipbuilding industry, renowned for its diverse range of vessels from mini bulk carriers to chemical tankers. According to CGS’s detailed analysis, the company is currently consolidating its position before an anticipated strong breakout. Currently priced at S\$2.65, the stock is supported at S\$2.46 with significant resistance expected between S\$2.72 and S\$2.77. The technical indicators, including the MACD and Stochastic Oscillator, suggest a bullish trend, reinforced by a healthy volume and positive price action surpassing all Ichimoku indicators.
The strategic recommendation is a ‘Technical Buy’ with target prices set at S\$2.95, S\$3.50, S\$3.87, and S\$3.98, indicating a robust growth potential over the coming months.
Kingsoft Corp Ltd: A Strategic Technical Buy
Kingsoft Corp Ltd, trading on the Hong Kong Exchange under the ticker 3888, is positioned as a technical buy. The entry prices are set at HK\$31.95, HK\$26.00, and HK\$23.08 with a stop loss at HK\$21.48. The targets are ambitious, ranging from HK\$40.10 to HK\$70.00, reflecting confidence in the company’s upward trajectory.
Investors are encouraged to consider these positions as the company’s market behavior suggests a promising return on investment, supported by underlying technical indicators.
Meitu Inc: Navigating Towards Higher Valuations
Meitu Inc, listed under 1357 on the Hong Kong Exchange, is another technical buy recommendation from CGS. The entry points are HK\$3.28, HK\$3.00, and HK\$2.48, with a stop loss at HK\$2.88. Target prices span from HK\$4.10 to HK\$7.00, indicating a potential for significant appreciation.
This recommendation is underpinned by Meitu’s consistent market strategy and potential to capitalize on favorable market conditions, making it a stock worth watching closely for investors looking for growth opportunities.
Frencken Group Ltd: Awaiting Industry Recovery
Frencken Group Ltd, a notable player in the semiconductor industry, reported a 9M24 net profit of S\$27.3 million, a 42.5% year-over-year increase, though it underperformed against both CGS and Bloomberg consensus forecasts. The total revenue for the same period stood at S\$571.3 million, marking a 6.7% year-over-year rise but falling short of market expectations.
Despite the shortfall, CGS maintains an ‘Add’ recommendation on Frencken, driven by expectations of a gradual recovery in the semiconductor industry over the 2025-26 period. This long-term perspective highlights the strategic positioning of Frencken amidst global market dynamics.
