Broker Name: CGS International
Date of Report: July 4, 2025

Singapore Retail Stocks to Watch: Wing Tai Holdings and ISOTeam Set for Growth Amid Market Shifts

Market Overview: U.S. Jobs Data Shakes Global Sentiment, Fed Holds Steady

A stronger-than-expected June U.S. jobs report sent ripples through global markets, with Treasuries tumbling and the U.S. dollar surging against major currencies. The robust payroll increase of 147,000—beating a median forecast of 106,000—and a dip in the unemployment rate to 4.1% have led investors to scale back expectations for a Federal Reserve interest-rate cut at the July 29-30 meeting. Rate-cut odds for September have also eased to about 75%. However, private payrolls, driven mainly by the healthcare sector, rose just 74,000—the weakest since October—signaling moderation in hiring as companies navigate trade policy uncertainties and pending tax legislation.

ISOTeam Ltd: Resilience Amid Construction Sector Bottlenecks

• Business Focus: ISOTeam Ltd specializes in Addition & Alteration (A&A), Repairs & Redecoration (R&R), and Coating & Painting (C&P) projects.
• Operational Strength: Thanks to its in-house engineering and crane capabilities, ISOTeam is expected to remain largely unaffected by sector-wide bottlenecks impacting heavy-tonnage machinery deployment.
• Recent Performance: The company announced S\$21 million in new contract wins, driven by its core A&A, solar, and C&P segments.
• Outlook: With a recurring business model and ongoing profit and margin recovery, ISOTeam remains an attractive candidate for continued growth, supporting a positive outlook.

Wing Tai Holdings Ltd: Early-Stage Bullish Uptrend Presents Opportunity

Company Profile

Wing Tai Holdings Limited operates as a diversified holding company with subsidiaries active in property investment and development, lifestyle retail, and hospitality management across Asia.

Technical Analysis and Market Position

• Wing Tai has broken above a key downtrend line that began in April 2024, marking a significant bullish reversal.
• A V-shaped bottom pattern has emerged, confirmed by the stock breaking above the 1.23 price level.
• Ichimoku technical indicators show a strong bullish signal, especially following the stock’s close above the kumo (cloud), with three golden crosses supporting upward momentum.
• The MACD signal is rising steadily toward the zero line, with a positive histogram, indicating strengthening momentum.
• The Stochastic Oscillator has crossed above the 20-line, confirming the earlier oversold condition has reversed.
• The 23-period Rate of Change (ROC) is both rising and positive, further supporting the bullish outlook.
• Trading volume is expanding in a healthy manner, reinforcing the likelihood of a sustained uptrend.

Key Levels and Targets

• Entry Price Range: 1.32, 1.26, 1.18
• Support: 1.23 (primary), 1.00 (secondary)
• Stop Loss: 1.09
• Resistance: 1.40 (primary), 2.00 (secondary)
• Target Prices: 1.53, 1.64, 2.00, 2.13

Recommendation Framework and Rating Distribution

• Add: Total return expected to exceed 10% over the next 12 months.
• Hold: Total return expected between 0% and 10% over the next 12 months.
• Reduce: Total return expected to fall below 0% over the next 12 months.

Coverage Universe: 551 companies as of the quarter ending March 31, 2025.

Conclusion: Singapore Retail Picks Poised for Growth and Resilience

Investors looking for robust opportunities in Singapore’s retail and property sectors should monitor Wing Tai Holdings Ltd and ISOTeam Ltd closely. Wing Tai demonstrates strong technical signals for a bullish reversal and early uptrend, while ISOTeam’s business resilience and recent contract wins anchor its growth outlook. Supported by comprehensive technical and market analysis, these companies stand out as attractive picks in a dynamic market environment shaped by evolving global macroeconomic trends.

For professional investors, analysts, and retail market watchers, these insights highlight actionable opportunities and key signals to watch as Singapore’s retail and property landscape evolves in the second half of 2025.