Broker: CGS International
Date of Report: July 3, 2025

Olam Group and ISOTeam: Technical Bullish Signals Emerge Amid Global Trade Optimism

Market Overview: Tech Rally and Trade Developments Shape Sentiment

Global equities extended their advance, buoyed by a tech-led rally and positive developments on the trade front. President Donald Trump’s announcement of a trade deal with Vietnam provided a fresh boost, particularly for sectors sensitive to supply-chain disruptions. Nike and other apparel and footwear stocks surged amid optimism that the new trade pact would avert industry-wide bottlenecks.

Tech megacaps led the charge: Tesla jumped 4% after its sales decline was viewed as better than expected. Microsoft’s performance was mixed, as reports surfaced about the company scaling back its AI chip ambitions due to project delays. Meanwhile, longer-dated Treasuries fell in tandem with UK bonds, with deficit worries mounting after the Senate passed Trump’s sweeping tax and spending bill.

ISOTeam Ltd: Resilience Amid Construction Sector Challenges

ISOTeam Ltd stands out for its resistance to ongoing sector bottlenecks:

• Business Model Strength: ISOTeam is expected to remain unaffected by engineering and heavy-tonnage crane shortages due to its robust in-house capabilities and strategic focus on Additions & Alterations (A&A), Repairs & Redecoration (R&R), and Coating & Painting (C&P).
• New Contract Wins: The company recently secured S\$21 million in contracts, primarily driven by A&A, solar, and C&P projects.
• Recurring Revenue: The analyst maintains an “Add” rating, citing ISOTeam’s recurring business model and an anticipated recovery in profit margins.

Olam Group Ltd: Bullish Reversal Unveils Upward Momentum

Last Price: S\$1.01

Olam Group Ltd, a global food and agri-business supplier of food ingredients, feed, fiber, and edible oil, has confirmed a bullish reversal pattern on its daily chart, suggesting a strong upward trend.

Technical Analysis Highlights

• Olam has completed an inverted head-and-shoulders bullish reversal pattern after breaking above the S\$0.97 resistance, now turned support.
• The stock is displaying a pair of higher highs and higher lows, indicating an emerging uptrend.
• Ichimoku charting signals a robust bullish setup with three golden crosses.
• MACD signal and line have crossed over, with a positive histogram supporting bullish momentum.
• Stochastic Oscillator continues to rise, highlighting persistent bullish sentiment.
• The 23-period Rate of Change (ROC) is both rising and positive.
• Trading volume shows healthy expansion, further validating the technical reversal.

Company Profile

Olam Group Ltd operates as a diversified food and agri-business company with a global customer base.

Global and Macro Considerations

– Treasuries and UK bonds are underperforming due to fiscal deficit worries, with market attention focused on the fiscal policies of both the US and UK. – Investors remain alert to political developments, especially regarding fiscal strategies and leadership in key economies.

Broker’s Recommendation Framework

Sector and country ratings are defined as Overweight, Neutral, or Underweight, indicating the relative attractiveness of sectors and markets based on expected return and risk.

Disclosure and Regulatory Context

CGS International provides this research for information purposes, tailored for institutional and professional investors across multiple jurisdictions including Singapore, Hong Kong, Malaysia, Indonesia, South Korea, Thailand, and others. The report is prepared in compliance with relevant regulatory standards, with clear statements regarding potential conflicts of interest, analyst independence, and the limitations of the research.

No proprietary or analyst interests in the securities covered were declared as of the report date.

Conclusion: Key Takeaways for Investors

• Olam Group Ltd demonstrates a technically confirmed bullish reversal, backed by strong momentum signals and actionable technical levels for entry, support, and resistance.
• ISOTeam Ltd is positioned as a resilient player in the construction sector, leveraging in-house capabilities and a recurring business model, with significant contract wins supporting recovery prospects.
• Investors are urged to consider macroeconomic factors, sector resilience, and technical signals when evaluating opportunities in the Singapore equities market.

The outlook for both Olam Group and ISOTeam appears constructive for the coming months, provided that global market sentiment and sector fundamentals remain supportive.