Broker: CGS International
Date of Report: September 2, 2025
Valuemax Group Surges Back: Market Uptrend, Key Technical Levels, and Latest Sector Movers
Market Recap: Global Sentiment and Key Developments
The global equity markets entered September with a mixed but resilient tone. After a sharp selloff in technology stocks, markets steadied as investors braced for a crucial month filled with economic data releases and central bank decisions. Notably:
- Europe’s Stoxx 600 edged up 0.2%, led by gains in defense shares such as BAE Systems Plc and Rheinmetall AG, as Europe began preparing for potential post-conflict deployments in Ukraine.
- Asian equities were bifurcated, highlighted by a 19% surge in Alibaba Group Holding Ltd. and a concurrent slump in chipmaker shares.
- Commodities: Silver crossed above \$40 an ounce for the first time since 2011, while gold approached an all-time high amid expectations of a Federal Reserve interest rate cut this month.
Investors are closely monitoring upcoming U.S. jobs numbers, inflation data, and the Fed’s rate decision—all anticipated within the next three weeks, a period historically marked by heightened volatility and risk for U.S. equities. There is growing consensus that the Fed is likely to cut rates, with futures pricing over 140 basis points of easing by the end of 2026, a level of accommodation seen only during recessions since the 1980s.
Company Focus: Valuemax Group Ltd – Technical Uptrend Resumes
Valuemax Group Ltd (SGX: T6I) has reignited its bullish momentum, following a brief correction. Technical indicators and price action support a strong uptrend, with the stock up more than 8% since the last Trendspotter update.
| Metric |
Value / Level |
| Last Price |
S\$0.850 |
| Entry Prices |
S\$0.850, S\$0.740, S\$0.690 |
| Support Levels |
S\$0.750 (Support 1), S\$0.644 (Support 2) |
| Stop Loss |
S\$0.600 |
| Resistance Levels |
S\$0.820 (Resistance 1), S\$1.15 (Resistance 2) |
| Target Prices |
S\$1.06, S\$1.18, S\$1.25, S\$2.00 |
Technical Analysis Highlights:
- Valuemax extended its uptrend, forming a robust U-shaped rebound above the S\$0.750 level, which has turned from resistance to support—a sign of strong bullish conviction.
- Monday’s bullish candle closed decisively above the 9-period Ichimoku conversion line, reinforcing the bullish outlook.
- All Ichimoku indicators are trending positively above price levels, supporting upward momentum.
- MACD and signal line have surged above zero, with a positive histogram backing bullish momentum.
- The Stochastic Oscillator continues to advance, reflecting strengthening momentum.
- The 23-period Rate of Change (ROC) has rebounded sharply above zero, adding confirmation.
- The Directional Movement Index signals robust bullish strength.
- Volume expansion remains healthy, further validating the price action.
Sector Spotlight: BYD Electronic (HKG: 285)
BYD Electronic (BYDE) is poised for strong growth on the back of robust premium orders from Apple in FY26F and accelerating auto product revenue.
| Key Metric |
FY25F |
FY26F |
| Revenue Growth from Apple |
– |
+18% YoY (57% of total revenue) |
| Auto Product Revenue Growth (Guidance) |
+35-40% |
– |
| Target Price |
– |
HK\$54.3 (18x FY26F P/E) |
Key Drivers:
- Apple-related revenues are expected to jump 18% year-over-year in FY26F, driven mainly by the supply of midframes for Apple’s anticipated foldable device. This segment is set to comprise 57% of total revenue.
- BYDE has guided for a substantial 35-40% growth in auto products revenue for FY25F, reflecting BYD’s rapid adoption of intelligent driving systems.
- Recommendation: Maintain “Add” with a raised target price of HK\$54.3, now based on 18x FY26F P/E, reflecting growth prospects and sector leadership.
Market & Sector Outlook: Macro Risks and Opportunities
The broader equity rally faces a pivotal phase as the market approaches a series of critical U.S. economic data points and the highly anticipated Fed rate decision. September remains a seasonally volatile and historically weak period for U.S. markets, with tariff tensions and central bank independence concerns adding to the uncertainty.
Economists at Deutsche Bank suggest that the hurdle to derail a Fed rate cut on September 17 remains high, yet futures markets are pricing in significant easing, levels previously seen only during recessionary periods since the 1980s.
Stock Rating and Recommendation Framework
The report uses a clear and transparent rating system for both stocks and sectors:
| Stock Rating |
Definition |
| Add |
Total return expected to exceed 10% over the next 12 months |
| Hold |
Total return expected to be between 0% and +10% over the next 12 months |
| Reduce |
Total return expected to fall below 0% over the next 12 months |
For sectors and countries, ratings are assigned as Overweight, Neutral, or Underweight, indicating relative positioning recommendations versus benchmarks.
Stock Rating Distribution (as of June 30, 2025)
| Rating |
% of Coverage |
Investment Banking Clients (%) |
| Add |
70.6% |
1.1% |
| Hold |
20.5% |
0.5% |
| Reduce |
8.9% |
0.5% |
Coverage as of quarter ended June 30, 2025: 561 companies.
Key Takeaways for Investors
- Valuemax Group Ltd stands out with a renewed uptrend, strong technical signals, and healthy volume expansion, making it a compelling watch for technical traders and growth-focused investors.
- BYD Electronic remains a beneficiary of Apple’s product innovation cycle and is set for robust growth in its auto products segment.
- Macro risks—especially around U.S. rates, inflation, and global trade—remain front of mind, but technical and sector-based opportunities continue to emerge for active market participants.
Stay tuned to evolving trends and consider both technical and fundamental perspectives as the market navigates a pivotal September.
