CGS International
August 22, 2025
Bullish Momentum in Singapore Equities: Samudera Shipping and Pop Mart Lead Market Trends
Market Overview: US Labor Market Weakens as Singapore Equities Show Technical Strength
The latest market movements reflect a shifting global landscape. In the US, initial jobless claims spiked by 11,000 to 235,000—the highest jump in three months—suggesting a softening labor market. The number of Americans receiving benefits after the first week rose to 1.972 million, marking the highest level since November 2021. This comes amid sluggish domestic demand and cautious hiring as firms grapple with protectionist trade policies and rising import duties.
Meanwhile, Singapore equities are demonstrating bullish momentum, with Samudera Shipping Line Ltd emerging as a technical buy and Pop Mart making headlines through extraordinary overseas growth.
Samudera Shipping Line Ltd: Technical Buy with Bullish Continuation
Company Description:
Samudera Shipping Line Limited operates ocean-going ships and offers containerized feeder shipping services. Its subsidiaries provide vessel chartering, sea and air freight forwarding, shipping agency, and container freight station services.
Recent Price Action & Technical Analysis:
Samudera Shipping has reached S$1.02, hitting the second target price from the July 2 report—delivering over 25% returns to date. The stock’s price action underpins a strong bullish trend, making it a compelling technical buy.
| Entry Price(s) |
Support Levels |
Stop Loss |
Resistance Levels |
Target Prices |
| 1.02, 0.95, 0.89 |
S1: 0.90
S2: 0.80 |
0.79 |
R1: 1.07
R2: 1.50 |
TP1: 1.14
TP2: 1.20
TP3: 1.46
TP4: 1.54 |
Technical Highlights:
- Breakout from a large corrective descending channel confirms bullish continuation.
- Bullish flag formation and a strong close above the 9-period conversion line and 26-period base line of the ichimoku signal further upside.
- All five ichimoku indicators slope upward, marking a robust bullish trend.
- MACD signal and line rise steadily above zero, with a positive histogram.
- 23-period Rate of Change (ROC) is positive.
- Trading volume is expanding healthily.
Analyst:
CHUA Wei Ren, CMT
T: (65) 6210 8612
E: [email protected]
Pop Mart: Explosive Overseas Growth and Upgraded FY25 Guidance
Company Overview:
Pop Mart is a global intellectual property (IP) platform renowned for its strong expansion into overseas markets.
Financial Performance 1H25:
- Revenue: Up 204% year-on-year (yoy), aligning with market expectations.
- Domestic Revenue: Up 135% yoy.
- Overseas Revenue: Surged 440% yoy.
- Adjusted Net Profit: Rose 363% yoy, beating the previous profit alert by 3-4%, thanks to improved gross margins and operational efficiency.
FY25 Guidance Upgrades:
- Management now expects FY25 revenue to exceed RMB 30 billion (implying 130% yoy growth vs. previous 50% yoy guidance).
- Adjusted Net Profit Margin (NPM) guidance raised to 35% (up 8.9 percentage points yoy).
| Metric |
1H25 |
YoY Change |
FY25 Guidance |
| Revenue |
Up 204% |
+204% |
RMB 30bn (+130% yoy) |
| Domestic Revenue |
Up 135% |
+135% |
+109% yoy |
| Overseas Revenue |
Up 440% |
+440% |
+228% yoy |
| Adjusted Net Profit |
Up 363% |
+363% |
35% NPM (+8.9 pts yoy) |
Investment Case:
- Strong IP momentum and new product launches underpin robust revenue growth in both domestic and overseas markets.
- Target price upgraded to HK\$390 (1.2x PEG), with an “Add” rating reaffirmed.
Broker Recommendation Framework and Ratings Distribution
CGS International uses a clear rating system to guide investors:
- Add: Stock’s total return expected to exceed 10% over 12 months.
- Hold: Expected total return between 0% and 10% over 12 months.
- Reduce: Total return expected to fall below 0% over 12 months.
Sector and country ratings are also provided as Overweight, Neutral, or Underweight, guiding investors on regional and sector allocations.
| Rating |
Distribution (%) |
Investment Banking Clients (%) |
| Add |
70.6% |
1.1% |
| Hold |
20.5% |
0.5% |
| Reduce |
8.9% |
0.5% |
Key Takeaways for Investors
- Samudera Shipping Line Ltd stands out with a confirmed bullish technical pattern and multiple upside targets.
- Pop Mart’s massive overseas expansion and upgraded profit guidance make it a compelling growth story in the IP and retail space.
- CGS International’s ratings framework and transparent distribution data provide clarity for investors making portfolio decisions.
Important Disclosures and Jurisdictional Notices
CGS International’s research and recommendations are subject to strict compliance, confidentiality, and jurisdictional regulations. The report is intended for professional, institutional, or sophisticated investors as defined by local laws. Recipients are advised to perform independent evaluations, consider their own investment objectives, and consult professional advisors before making investment decisions.
Conclusion
Samudera Shipping and Pop Mart are both demonstrating strong market momentum, supported by technical and fundamental factors. Investors seeking growth and bullish opportunities in Singapore and Hong Kong equities should keep these names on their watchlist as the market landscape evolves.
