Trendspotter – Singapore Retail Research | March 14, 2025
Keppel DC REIT – Technical Buy
According to the report, the analyst provides a technical buy recommendation for Keppel DC REIT with an uptrend continuation likely. The key points are as follows:
[[2]] Keppel DC REIT has broken out of a flag formation with two strong consecutive bullish bars and rising volume, indicating a bullish continuation. The stock has remained strongly on an uptrend since April 2024, with prices trending above all Ichimoku indicators. The MACD/signal line stays elevated above the zero line, the Stochastic Oscillator has formed an oversold crossover, and the 23-period ROC rose above the zero line. The volume also remains healthy, further supporting the uptrend.
The analyst provides the following entry prices, stop loss, and target prices:
- Entry Price(s): 2.21, 2.14, 2.08
- Stop Loss: 1.96
- Target Price 1: 2.54
- Target Price 2: 2.83
- Target Price 3: 3.05
- Target Price 4: 3.20
Singapore Strategy
[[3]] The report states that the analyst adopts a more risk-off strategy in the near-term due to increasing concerns over recession fears and uncertainties over the impact of higher trade tariffs. The analyst is more bullish on REITs but stays overweight on Capital Goods, Consumer, Construction, Gaming, Technology, Gloves, Internet, and Commodities sectors.
The analyst’s MSCI target now stands at 411.7pts, up slightly from 409.3pts previously, based on 15x CY25F earnings. The top 10 Singapore picks are UOL (new), Keppel DC REIT (new), iFAST, CLAR, KEP, YZJSGD, PAN, FEH, MPM, and Q&M.
Other Companies Covered
ANE Cayman Inc (9956) – Technical Buy
[[3]] The analyst provides a technical buy recommendation for ANE Cayman Inc with the following entry prices, stop loss, and target prices:
- Entry Price(s): 8.03, 7.48, 6.93
- Stop Loss: 6.48
- Target Price 1: 9.23
- Target Price 2: 10.20
- Target Price 3: 12.10
- Target Price 4: 13.60
Datang International Power Generation Co Ltd (991) – Technical Buy
[[3]] The analyst also provides a technical buy recommendation for Datang International Power Generation Co Ltd with the following entry prices, stop loss, and target prices:
- Entry Price(s): 1.51, 1.40, 1.33
- Stop Loss: 1.28
- Target Price 1: 1.73
- Target Price 2: 1.90
- Target Price 3: 2.10
- Target Price 4: 2.60
The report was published by CGS on March 14, 2025.
