UOL Group Ltd Bullish Rebound: Technical Buy Recommendation & Stock Analysis (May 2025)

CGS International

May 13, 2025

Singapore Retail Research: Navigating Market Trends with Key Stock Insights

Market Overview: Overnight Recap

• Investors reacted positively to US-China trade de-escalation, triggering a stock market rally and a shift away from defensive assets like bonds, gold, and safe-haven currencies. [[1]]
• The S&P 500 surged over 2.5%, surpassing levels seen before Donald Trump’s “Liberation Day” shock. [[1]]
• Technology stocks led the gains, with the Nasdaq 100 approaching bull market territory. [[1]]
• Anticipation of reduced inflation led to decreased bets on rate cuts and a rise in short-term yields. [[1]]
• The US dollar reached a one-month high. [[1]]
• President Trump indicated potential discussions with Chinese leader Xi Jinping to further ease tariffs and advance trade negotiations. [[1]]
• A temporary reduction in import duties is expected to facilitate negotiations for a comprehensive trade agreement. [[1]]
• Carol Schleif from BMO Private Wealth noted that the market welcomed the larger-than-expected tariff reduction and the framework for continued discussions between the US and China. [[1]]
• The S&P 500 climbed 2.7%, the Nasdaq 100 rallied 3.2%, and the Dow Jones Industrial Average added 2.4%. [[1]]
• The yield on 10-year Treasuries increased by five basis points to 4.43%. [[1]]
• The Bloomberg Dollar Spot Index rose 0.9%. [[1]]

SIN: UOL Group Ltd – Bullish Rebound

UOL Group Ltd – Technical Buy

Last Price: 5.76 [[2]]

Technical Analysis and Trading Recommendations:

• Entry Price(s): 5.76, 5.56, 5.38 [[2]]
• Support Levels:
  • Support 1: 5.45 [[2]]
  • Support 2: 5.35 [[2]]
• Stop Loss: 5.15 [[2]]
• Resistance Levels:
  • Resistance 1: 5.94 [[2]]
  • Resistance 2: 6.42 [[2]]
• Target Prices:
  • Target price 1: 6.05 [[2]]
  • Target price 2: 6.62 [[2]]
  • Target price 3: 7.14 [[2]]
  • Target price 4: 7.58 [[2]]

Company Description (Bloomberg):

• UOL Group Limited is a real estate company with a diversified portfolio including development and investment properties, hotels, and serviced suites, serving customers worldwide. [[2]]

Analyst(s)

• CHUA Wei Ren, CMT [[2]]
• T (65) 6210 8612 [[2]]
• E weiren.chua@cgsi.com [[2]]

Technical Snapshot:

• UOL has reached our 1st TP at S\$6.05 based on our Trendspotter dated 22 Apr 25 (Before adjusted for dividend). [[2]]
• Price action shows strong positive action for the uptrend to continue and hence, we are adding on to our technical buy position on UOL. [[2]]

Key Pointers:

• UOL has formed a bullish piercing line candle last Friday, which offers a potential continuation. [[2]]
• Prices are trending above all the ichimoku’s kumo, conversion and base line. [[2]]
• MACD histogram is positive, MACD/signal line continue to rise above the zero line. [[2]]
• Stochastic Oscillator continues to rise. [[2]]
• 23-period ROC remain elevated above the zero line. Bullish divergence remain. [[2]]
• Volume remain in an healthy expansion. [[2]]

SIN: ST Engineering Defence Remains at the Front Seat

• STE’s growth fundamentals remain intact despite noise on tariffs with limited direct impact on earnings and order wins. [[2]]
• Order book: S\$29.8bn. [[2]]
• With five consecutive quarters of double-digit revenue yoy growth, we dial up DPS FY25-27F growth assumptions to 8-12% (previously 7-11%). [[2]]
• Our FY25-27F EPS is up by 1-2% on higher DPS revenue and lower net interest expense. [[2]]
• We now peg TP to +2.5 s.d. of mean; higher TP of S\$8.40. [[2]]

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