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DFI Retail Group Stock Analysis: Early Uptrend Potential and Technical Buy Signal









Comprehensive Analysis of February 7, 2025 CGS Singapore Retail Research Report

Comprehensive Analysis of February 7, 2025 CGS Singapore Retail Research Report

Broker Name: CGS Singapore Retail Research

Date of Report: February 7, 2025

Introduction

The CGS Singapore Retail Research report for February 7, 2025, offers a detailed technical analysis and market outlook for various companies. The report outlines investment strategies, technical buy recommendations, and potential market trends. Below is a deep dive into the companies covered, their technical performance, and the recommendations provided by the analysts.

DFI Retail Group Holdings Ltd

Last Price: \$2.37

Recommendation: Technical Buy

DFI Retail Group Holdings Ltd, a holding company focusing on retail stores such as supermarkets, drugstores, and convenience stores, shows promising technical indicators. Despite a recent correction, the company has maintained a bullish outlook, breaking out of a falling wedge formation. The analysis highlights the following:

  • The Ichimoku indicator shows two out of three bullish crossovers.
  • The stochastic oscillator performed a crossover above the 20-line, signaling potential upward momentum.
  • The 23-period Rate of Change (ROC) has rebounded above the zero line, indicating positive price action.
  • The Directional Movement Index (DMI) confirms a strong bullish signal.
  • Volume expansion is healthy, further supporting the bullish case.

Entry Prices: \$2.37, \$2.20, \$2.17

Support Levels: \$2.20, \$1.99

Stop Loss: \$1.98

Resistance Levels: \$2.38, \$2.68

Target Prices: \$2.68, \$2.75, \$3.08, \$3.30

Chinasoft International Ltd (354)

Recommendation: Technical Buy

Chinasoft International Ltd is highlighted as a strong buy based on technical indicators. The report emphasizes potential entry points and growth targets:

Entry Prices: \$5.98, \$5.20, \$4.50

Stop Loss: \$4.32

Target Prices: \$7.20, \$9.00, \$11.70, \$12.20

The technical analysis suggests significant growth potential for Chinasoft, making it an attractive option for investors seeking long-term gains.

Ming Yuan Cloud Group Holdings Ltd (909)

Recommendation: Technical Buy

Ming Yuan Cloud Group Holdings Ltd is another recommended technical buy. The report provides entry points and target prices that indicate substantial upside potential:

Entry Prices: \$3.15, \$2.70, \$2.30

Stop Loss: \$2.08

Target Prices: \$4.20, \$5.80, \$7.70, \$9.20

Investors are advised to monitor this stock closely, as it demonstrates strong technical indicators for growth.

Singapore Exchange (SGX)

Recommendation: Hold

The Singapore Exchange (SGX) continues to show resilience with cash equities and equity derivatives driving growth in the first half of 2025. Operating expenses remain well-controlled. The report notes:

  • A declared dividend per share (DPS) of 9 Singapore cents in Q2 2025, up from 8.5 Singapore cents in Q2 2024.
  • While details on stock market revitalization remain scarce, tighter cost controls and higher treasury income are factored into a higher target price of S\$13.20.
  • However, softening macroeconomic conditions could limit volume growth.

ST Engineering

Recommendation: Not explicitly stated

ST Engineering is highlighted for ending the year on a high note. The report underscores the company’s solid performance, which positions it as a noteworthy player in its sector. Further details are not explicitly provided in the report.

Distillers & Vintners (Baijiu Industry)

Recommendation: Not explicitly stated

The Baijiu industry faces challenges in FY25F, signaling a tough time ahead for distillers and vintners. The report suggests that macroeconomic headwinds could impact this sector significantly.

CR Mixc Lifestyle

Recommendation: Not explicitly stated

CR Mixc Lifestyle is expected to maintain fast growth in FY24F. The report positions it as a company with stable performance and growth potential, making it a company to watch in the coming fiscal year.

For more in-depth insights and investment strategies, consult the full CGS Singapore Retail Research report dated February 7, 2025.



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