Trendspotter: Comprehensive Analysis of Key Stocks – March 10, 2025
Broker: Singapore Retail Research
Wilmar International Ltd – Slowly Forming a Possible Uptrend
According to the report, Wilmar International Ltd. is showing signs of a potential uptrend. The analysts note the following key points:
2 Wilmar has reached the first target price of S$3.30 and despite a correction, the stock has reverted higher with the support of strong bullish price action. The analysts are adding to their technical buy position on Wilmar based on the following observations:
Wilmar has formed a bullish v-shaped rebound above the resistance turned support level of S$3.15.
The Ichimoku indicator has confirmed a bullish uptrend signal.
The MACD signal line is rising, and the histogram is positive.
The Stochastic Oscillator has confirmed an oversold crossover.
The 23-period ROC rose above the zero line.
The trading volume remains healthy.
The analysts have provided the following entry prices, stop loss, and target prices for Wilmar International Ltd.:
Entry Prices: 3.27, 3.19, 3.10 Stop Loss: 2.98 Target Prices: 3.60, 3.78, 4.60, 5.00
Bosideng International Holdings Ltd (3998) – Technical Buy
The report also covers Bosideng International Holdings Ltd, recommending a technical buy with the following details:
Entry Prices: 4.12, 3.75, 3.50 Stop Loss: 3.35 Target Prices: 4.80, 5.30, 6.50, 8.00
Angang Steel Co Ltd (347) – Technical Buy
The analysts also provide a technical buy recommendation for Angang Steel Co Ltd with the following details:
Entry Prices: 2.10, 1.90, 1.60 Stop Loss: 1.45 Target Prices: 2.40, 2.90, 4.50, 5.00
Q&M Dental Group – Expansion Plans in Focus
Regarding Q&M Dental Group, the report highlights the following key points:
2 Q&M’s FY24 core net profit of S$17.3m was slightly ahead of expectations at 105.1% of the analysts’ forecast, due to higher profitability from cost control measures.
Q&M announced a 2H24 DPS of 0.7 Scts, bringing the FY24 DPS to 1.1 Scts, representing a 71% payout ratio alongside a 50m share buyback for FY25F.
The analysts reiterate an “Add” rating on Q&M with a higher target price of S$0.43, as they roll forward their valuations, now pegged at 20x FY26F P/E (0.5 s.d. below 6-year mean).
