CGS International
August 21, 2025
Bullish Momentum in Singapore Equities: In-Depth Analysis of MoneyMax Financial Services and Marco Polo Marine
Market Overview: Retail and Marine Sectors in Focus
The Singapore equity landscape is witnessing notable trends amid a backdrop of global economic uncertainty and shifting consumer sentiment. Mixed signals from U.S. retail giants and rising inflationary pressures have made investors more circumspect this season. However, Singapore-listed companies like MoneyMax Financial Services Ltd and Marco Polo Marine are showing distinct momentum, both technically and fundamentally.
Global Retail Headwinds: Impact on Local Sentiment
Recent sales and profit forecasts from U.S. retailers, including Target and Home Depot, highlight investor concerns over the traditionally lucrative holiday period. Factors such as rising costs from U.S. import tariffs and subdued consumer spending are dampening optimism. These inflationary trends and unpredictable trade policies have contributed to a decline in consumer sentiment globally. Economists are now warning of further price hikes following a spike in wholesale-level inflation, further complicating the retail outlook.
Marco Polo Marine: Fleet Expansion and Sectoral Tailwinds
Marco Polo Marine is making strategic moves in its offshore support vessel (OSV) segment. At its latest analyst briefing, the company reported strong contributions from its Construction Support Offshore Vessel (CSOV), with minimal operational issues. The management indicated the potential announcement of a second CSOV, signaling ongoing fleet expansion plans.
Key insights for investors include:
- Financing Environment: The easing of bank financing for OSV players may accelerate Marco Polo Marine’s fleet additions.
- Repair Yard Activity: There is a noticeable increase in yard enquiries for repairs, although revenue growth could be limited by the lack of newbuild order visibility.
- Analyst Recommendation: The stock is reiterated as “Add” with a higher target price (TP) of S\$0.08, reflecting the industry’s positive re-rating and anticipated sectoral recovery.
MoneyMax Financial Services Ltd: Technical Buy on Sustained Bullish Trend
MoneyMax Financial Services Ltd, a leading financial service provider and luxury goods trader in Singapore and Malaysia, is currently exhibiting a robust bullish trend on technical charts. The company, which operates across pawnbroking, retail and trading of gold and luxury items, and secured lending, is attracting investor attention for its steadily rising share price.
MoneyMax Financial Services Ltd: Company Overview
MoneyMax is diversified across four main segments:
- Pawnbroking
- Retail and Trading of Gold and Luxury Items
- Secured Lending
- Other ancillary services
The firm is well-known for its portfolio of gold jewelry, luxury watches, and designer bags, catering to affluent customers in Singapore and Malaysia.
MoneyMax Stock Technical Analysis: Key Levels and Indicators
The technical outlook on MoneyMax is distinctly bullish, supported by a host of positive indicators. Below is a summary table of critical technical levels and targets:
| Parameter |
Value |
| Last Price |
S\$0.74 |
| Entry Prices |
S\$0.74, S\$0.66, S\$0.58 |
| Support 1 |
S\$0.66 |
| Support 2 |
S\$0.56 |
| Stop Loss |
S\$0.45 |
| Resistance 1 |
S\$0.80 |
| Resistance 2 |
S\$1.32 |
| Target Price 1 |
S\$0.92 |
| Target Price 2 |
S\$1.08 |
| Target Price 3 |
S\$1.13 |
| Target Price 4 |
S\$1.28 |
Technical Highlights and Indicators
- Persistent Uptrend: Price action remains within a major uptrend channel.
- Bullish Breakout: The stock’s breakout above a falling wedge pattern signals further upward continuation.
- Positive Momentum: All technical indicators—including Ichimoku, MACD, and ROC—are sloping upwards, underlining strong bullish momentum.
- MACD: Both the signal and MACD line are rising above the zero line, with the histogram in positive territory.
- Directional Movement Index: Indicates steady bullish strength.
- Healthy Volume: Trading volume is expanding, supporting the uptrend.
Analyst Ratings and Recommendations Framework
CGS International analysts use a rigorous ratings system to guide investors:
| Rating |
Definition |
| Add |
Stock’s total return expected to exceed 10% over the next 12 months |
| Hold |
Total return expected between 0% and +10% over 12 months |
| Reduce |
Total return expected to fall below 0% over 12 months |
For the quarter ended June 30, 2025, the distribution of ratings was as follows:
| Rating |
% of Stocks |
% Investment Banking Clients |
| Add |
70.6% |
1.1% |
| Hold |
20.5% |
0.5% |
| Reduce |
8.9% |
0.5% |
Conclusion: Investment Opportunities Amid Uncertainty
Despite global headwinds in the retail sector and inflationary concerns, select Singapore-listed companies are demonstrating resilience and upside potential. Marco Polo Marine’s fleet expansion and MoneyMax Financial Services’ strong technical momentum present compelling opportunities for investors seeking growth amid volatility. With clear technical signals and supportive sector trends, these equities warrant close attention from market participants looking to capitalize on Singapore’s evolving investment landscape.
