Samsonite International SA: A Bullish Reversal Insight

In the latest market analysis, Samsonite International SA (1910) is highlighted as a potential buy, with signs pointing to a bullish reversal. The company’s current stock price stands at 21.75, with entry points suggested at 19.50 and 17.00. The support levels are identified at 19.52 and 19.68, while resistance is anticipated at 30.60 and 35.00. The target prices are strategically set at 27.15, 30.80, 40.22, and an ambitious 52.00.

Samsonite’s momentum is supported by several technical indicators. The company has successfully broken out of a downtrend line established since March 2024. A bullish double bottom pattern has emerged, and the stock prices are trending above all Ichimoku indicators, suggesting a sustained upward trajectory. The MACD/signal line crossover at the bottom further corroborates the positive outlook, reinforced by a positive histogram and an oversold signal from the Stochastic Oscillator. Moreover, the 23-period ROC has risen above the zero line, and the directional movement index confirms bullish strength. Notably, trading volume has surged above the 20-period averages, indicating robust market interest.

Samsonite International S.A. specializes in the design, manufacturing, and distribution of luggage, including suitcases, garment bags, and casual bags, along with business cases, clothing, shoes, and accessories. The company also licenses its trademarks for travel accessories, leather goods, handbags, clothing, and furniture.

Singapore Post Ltd: Strategic Asset Monetization

Singapore Post Ltd (SPOST) is in the spotlight with a focus on its break-up value. The company recently sold its Australian business for A\$1.02 billion, which could yield a gain of S\$312 million. These proceeds are earmarked for debt repayment and a special dividend. The divestiture of this crown jewel asset indicates a strategic pivot towards asset monetization.

Looking ahead, SPOST is expected to continue this trend, with an estimated S\$1.5 billion in assets ripe for sale over the next two years. The recommendation is to reiterate an “Add” stance, with the target price raised to S\$0.74 after the removal of the holding company discount.

Malaysia’s Banking Sector: Growth Trajectory

Malaysia’s banking sector is projected to experience loan growth heading towards 5% in 2024. This steady growth trajectory highlights the resilience and potential of the financial landscape in Malaysia.

Hibiscus Petroleum Bhd: Long-Term Rerating Potential

Hibiscus Petroleum Bhd is set to drive a long-term rerating through multiple projects. The company’s strategic initiatives and project pipeline are designed to enhance its market position and value proposition over time.

Bank Tabungan Negara: Focusing on FY25F Improvements

In Indonesia, Bank Tabungan Negara is concentrating on improving its fiscal year 2025 forecast. The bank’s targeted efforts are aligned with enhancing operational efficiencies and financial performance.