Title: Trendspotter – Detailed Analysis of Key Stocks Broker: Singapore Retail Research Date: March 17, 2025

Keppel REIT – Uptrend Continuation Likely

[[2]] Keppel REIT’s has shown positive price action in the near-term and is likely to continue its upside reversal. The report highlights several bullish technical indicators:

• Keppel Reit has broken out of a falling wedge with two strong consecutive bullish bars and rising volume, indicative of a bullish continuation.
• Prices are trending above all Ichimoku indicators.
• MACD/signal line has performed a bullish crossover at the bottom.
• Stochastic Oscillator has formed an oversold crossover.
• 23-period ROC rose above the zero line, confirming a bullish divergence.
• Volume remains healthy.

The report sets the following entry prices, stop loss, and target prices:

• Entry Prices: 0.860, 0.830, 0.800
• Stop Loss: 0.780
• Target Prices: 0.930, 0.970, 1.00, 1.10

The analyst recommends a technical buy on Keppel REIT with an uptrend continuation likely.

Sembcorp Industries – More than Enough Gas

[[2]] The report sees minimal impact from the termination of gas imports (c.0.6mtpa) that was previously scheduled to begin in 2026 for Sembcorp Industries. It estimates that SCI has a total of c.2.8mtpa of PNG and LNG combined to power more than 22GWh of power generation on a 55% load factor. The analyst believes that the newsflow on Vietnam’s tariff reshuffling could have been overblown. The report maintains an Add rating on Sembcorp Industries, with a slightly higher target price of S\$7.81, rolling forward the TP to FY26F based on 11.7x P/E, in line with regional peers.

Kumpulan Kitacon Bhd – Too Cheap to Ignore

[[2]] The report states that Kumpulan Kitacon Bhd is “Too cheap to ignore” without providing any further details.

Indian Banks – Setting the Stage for a Turnaround in 2H25F

[[2]] The report discusses the Indian banking sector, stating that it is “Setting the stage for a turnaround in 2H25F” without providing any additional information.

Summarecon Agung – FY24 Results Came Strongly

[[2]] The report mentions that the FY24 results of Summarecon Agung “came strongly” without elaborating further.