CapitaLand Ascott Trust: Bullish Bottoming Out?

CapitaLand Ascott Trust, a real estate investment trust specializing in serviced residences, hotels, rental housing properties, and other hospitality assets, is showing early signs of a bullish reversal. The stock’s recent price action and technical indicators suggest potential upside opportunities.

Key Technical Insights

• The stock has broken out of its short-term downtrend line, which began in October 2024.
• It demonstrated a strong bullish break above the S\$0.900 resistance level, indicating a likelihood of further upward momentum.
• Ichimoku indicators reflect two out of three bullish crossovers.
• The Stochastic Oscillator indicates an oversold signal, suggesting a potential upward correction.
• The 23-period Rate of Change (ROC) is steadily rising and has surpassed the zero line.
• The Directional Movement Index reveals a strong bullish strength signal.
• Trading volume has been expanding in a healthy manner, supporting the bullish outlook.

Entry and Exit Points

• Entry Prices: S\$0.905, S\$0.880, S\$0.840
• Support Levels: S\$0.870, S\$0.830
• Stop Loss: S\$0.820
• Resistance Levels: S\$0.920, S\$0.985
• Target Prices: S\$0.950, S\$1.03, S\$1.08, S\$1.10

The recommendation for CapitaLand Ascott Trust is a Technical Buy, with a positive outlook for short-term bullish momentum.

Dongyue Group Ltd: Technical Buy

Dongyue Group Ltd, listed under the ticker 189, is positioned as a Technical Buy with multiple entry price points and a favorable risk-reward ratio.

Key Details

• Entry Prices: HK\$8.19, HK\$7.21, HK\$6.55
• Stop Loss: HK\$5.87
• Target Prices: HK\$9.20, HK\$11.40, HK\$12.42, HK\$16.00

The technical analysis highlights a strategic opportunity for investors to capitalize on Dongyue Group’s growth potential. Investors are advised to monitor the stock closely for favorable entry points and adhere to stop-loss levels to mitigate risks.

Hanmi Semiconductor Co Ltd: Semiconductor Leader with High Growth Potential

Hanmi Semiconductor Co Ltd (042700) remains CGS-CIMB’s top pick in the semiconductor sector due to its robust EPS growth, operating profit margin (OPM), and return on equity (ROE) projections for FY25-FY26. The company is poised to benefit from several key catalysts.

Growth Drivers

• Micron’s potential market share gains in the global High Bandwidth Memory (HBM) market are expected to significantly boost Hanmi’s earnings in FY25-FY26.
• The company’s potential entry into Samsung Electronics’ value chain could serve as a major re-rating catalyst.

Technical Insights

• Entry Prices: KRW 99,500, KRW 83,500, KRW 73,100
• Stop Loss: KRW 66,800
• Target Prices: KRW 130,300, KRW 170,600, KRW 240,000, KRW 260,200

Hanmi Semiconductor is recommended as a Technical Buy, with significant upside potential based on its strong fundamentals and market opportunities.

TechWing Inc: Riding the Semiconductor Wave

TechWing Inc, listed under the ticker 089030, presents a compelling Technical Buy opportunity, supported by strong technical indicators and a promising growth trajectory in the semiconductor sector.

Key Details

• Entry Prices: KRW 45,150, KRW 35,500, KRW 29,500
• Stop Loss: KRW 24,500
• Target Prices: KRW 61,300, KRW 80,600, KRW 110,000, KRW 120,200

Supported by a solid technical setup and favorable market conditions, TechWing Inc is positioned for a strong performance. The company remains a key pick in the semiconductor space, with its growth closely tied to industry advancements.

Conclusion

The January 7, 2025, CGS-CIMB Trendspotter report highlights several high-potential opportunities across various sectors, particularly in real estate and semiconductors. CapitaLand Ascott Trust shows signs of a bullish reversal, while Dongyue Group, Hanmi Semiconductor, and TechWing Inc stand out as strong technical buys with significant growth potential. Investors are advised to consider these insights carefully and align them with their investment strategies.