CGS International
August 5, 2025

LHN Ltd Signals Bullish Continuation Amid Shifting Global Economic Landscape

Overview of Economic Backdrop and Market Sentiment

The latest research from CGS International highlights the current state of the global economy, noting significant shifts in the US labor market and evolving investor sentiment in Asia. Recent US economic data has revealed underlying weaknesses previously masked by more optimistic figures. Notably, revisions to employment statistics for May and June have cut nearly 260,000 jobs from earlier estimates, with employment growth now averaging just 35,000 over the past three months—its weakest stretch since the pandemic. This downturn has contributed to increased market volatility and has led to concerns about the sustainability of economic momentum.

Inflation-adjusted consumer spending, representing about two-thirds of US economic activity, fell in the first half of the year. Meanwhile, the Federal Reserve’s preferred inflation gauge accelerated in June, emphasizing that businesses and consumers are grappling with ongoing policy changes, elevated inflation, and a still-restrictive monetary environment. The combination of these factors has raised alarms about the potential for a broader loss of economic momentum.

Regional Investor Insights: China Healthcare Sector in Focus

Marketing efforts across Malaysia and Singapore between July 28 and August 1, 2025, have revealed nuanced investor attitudes toward the China healthcare sector:

• Malaysian investors are showing a renewed interest in China’s healthcare companies, reflecting optimism for growth and innovation.
• Singaporean investors remain bullish but are pursuing highly selective strategies, focusing on quality names and specific market opportunities.

LHN Ltd: Technical Analysis and Investment Outlook

Company Overview:
LHN Limited is a Singapore-listed company specializing in property management services across industrial, commercial, and residential segments. The firm also operates in logistics, providing comprehensive solutions for property and logistical needs.

Technical Buy Recommendation: LHN Ltd (Last Price: S\$0.86)

The technical outlook for LHN Ltd remains robust, with the stock continuing its bullish trajectory. According to CGS International’s latest analysis, several key indicators point to sustained upward momentum.

Key Technical Highlights:

• LHN Ltd has surpassed its previous fourth target price of S\$0.78 and is exhibiting strong, sustained bullish price action.
• The stock remains firmly within both its primary and secondary uptrends, reinforcing the positive outlook.
• A confirmed bullish continuation pattern followed a decisive breakout above the bullish flag formation.
• Ichimoku cloud analysis signals a robust bullish trend.
• The MACD line and signal continue to rise above the zero line, with a positive histogram reinforcing bullish sentiment.
• While the Stochastic Oscillator indicates the stock is overbought, any corrections have been mild, suggesting persistent buying strength.
• The 23-period Rate of Change (ROC) remains positive, further supporting momentum.
• The Directional Movement Index (DMI) demonstrates steady bullish strength.
• Volume has spiked as the market anticipates further breakout potential.

Analyst Contact

CHUA Wei Ren, CMT
T (65) 6210 8612
E [email protected]

Comprehensive Disclosure and Regulatory Compliance

CGS International underscores the importance of compliance with all relevant regulations across jurisdictions. The report is prepared from data believed to be accurate at the time of release, but investors are cautioned that information may change and past performance is not indicative of future returns. No offer or invitation to buy or sell securities is made herein, and all recommendations are to be independently evaluated in the context of each investor’s financial situation and investment goals.

CGS International and its affiliates may hold proprietary positions in the securities covered and may conduct business or seek to do business with covered companies. Analysts who contribute to the research certify the independence and accuracy of their views, with compensation not linked to specific investment banking transactions.

Stock and Sector Rating Framework

CGS International employs a clear rating system for stocks, sectors, and countries:

The total expected return combines the percentage difference between the target and current price with the forward net dividend yield.

Sector and country ratings follow a similar structure, with “Overweight,” “Neutral,” and “Underweight” recommendations based on market-cap-weighted or benchmark-relative positioning.

Rating Distribution (Quarter Ended June 30, 2025)

Coverage includes 561 companies as of the quarter ended June 30, 2025.

Important Disclosures and Distribution Restrictions

The report includes detailed jurisdiction-specific restrictions and compliance statements, ensuring that only eligible investors in each country can access and act upon the information. Recipients are reminded to consult their professional and financial advisers before making investment decisions, as the suitability of recommendations can vary depending on individual financial circumstances and regulatory environments.

Conclusion: Navigating Opportunities with LHN Ltd and Market Insights

Despite a challenging macroeconomic environment, LHN Ltd stands out with its strong technical signals and upward momentum. The company’s robust fundamentals, coupled with bullish technical indicators, suggest continued upside potential. However, as with all investments, due diligence and alignment with personal investment objectives remain paramount.

CGS International continues to monitor the evolving market landscape, providing timely research and insights to support informed investment decisions across sectors and regions.