Sunny Optical Technology Group Co Ltd (2382) – A Technical Buy with Strong Upside

Sunny Optical Technology Group Co Ltd, a leader in designing and manufacturing optical products, presents a promising investment opportunity. The company has been identified as a technical buy with robust upside potential. The stock’s last traded price was 65.15, and the analysis indicates a strong bullish trend in its early stages.

The company has successfully broken above the downtrend line that began in January 2022, forming an uptrend channel. Prices are trending above all Ichimoku indicators, and the MACD/signal line is rising with a positive histogram. The stochastic oscillator is also rising above the mid-point line, confirming bullish momentum.

Key support levels are identified at 52.60 and 39.40, with resistance levels at 69.20 and 94.45. The target prices are set at 80.15, 94.10, 103.22, and 115.00. Notably, the 23-period ROC has risen above zero, and the directional movement index confirms bullish strength. The volume has also surpassed the 20-period averages, further supporting the bullish outlook.

Singapore Post Ltd – Strategic Asset Monetisation

Singapore Post Ltd (SPOST) is focusing on asset monetisation following the sale of its Australian business for A\$1.02 billion, which could yield a gain of S\$312 million. The proceeds are earmarked for debt repayment and a special dividend. This strategic move indicates a potential doubling down on asset monetisation, with SPOST holding an additional S\$1.5 billion in assets ripe for sale over the next two years.

The report reiterates an “Add” recommendation, raising the target price to S\$0.74, with the holding company discount removed. This reflects a positive outlook on SPOST’s ability to strategically manage and liquidate assets to bolster financial stability and shareholder returns.

Malaysian Banks – Projected Loan Growth

The banking sector in Malaysia is projected to experience loan growth heading towards around 5% in 2024. This forecast suggests a steady expansion in the financial services sector, driven by a favorable economic environment and strategic banking initiatives.

Hibiscus Petroleum Bhd – Driving Long-term Rerating

Hibiscus Petroleum Bhd is positioned to drive long-term rerating through multiple projects. These projects are expected to enhance the company’s operational capabilities, financial performance, and overall market valuation, making it an attractive prospect for investors seeking growth in the energy sector.

Bank Tabungan Negara – Focus on FY25F Improvement

Bank Tabungan Negara is concentrating on improving its operations and financial performance for the fiscal year 2025. The focus on enhancement initiatives positions the bank to deliver better services, optimize efficiency, and achieve a stronger financial footing in the coming years.