CGS International Securities
Report Date: September 24, 2025
Seatrium Ltd Set for Breakout: Singapore Retail Research Unveils Top Picks and Trade Insights
Table of Contents
Market Overview: China’s Export Momentum Faces Global Pushback
The global trade environment in 2025 remains highly dynamic as Chinese exports continue to surge, undeterred by multiple rounds of elevated US tariffs. Despite five months of heightened trade barriers, China is on track for a record \$1.2 trillion trade surplus this year, with manufacturers rapidly pivoting towards alternative markets. Indian imports of Chinese goods hit new highs in August, African shipments are poised for an annual record, and sales to Southeast Asia have surpassed pandemic-era levels.
This robust export performance is attracting international scrutiny. Notably:
- India has registered 50 applications in recent weeks for anti-dumping investigations, targeting goods from China and Vietnam.
- Indonesia’s trade ministry is on alert, following viral social media posts showing Chinese vendors offering jeans and shirts for as little as 80 US cents in major Indonesian cities, sparking public outcry.
- Only Mexico has responded so far in 2025 with public tariffs, proposing rates as high as 50% on select Chinese products including autos and steel.
However, broader coordinated action remains limited, as most countries are reluctant to ignite a fresh trade war with the world’s second-largest economy while also negotiating with the US.
Keppel DC REIT: Deepening Exposure in Japan’s Data Centre Market
Keppel DC REIT (KDCREIT) continues its strategic expansion within the data centre sector by announcing the acquisition of a second data centre in Japan for S\$696.1 million. This move is expected to be DPU (Distribution Per Unit) accretive and to further strengthen overall portfolio metrics.
- Transaction Value: S\$696.1 million
- Impact: DPU accretive, improves portfolio diversification and quality
- Recommendation: Maintain “Add” rating with an unchanged target price of S\$2.48
The acquisition underlines KDCREIT’s commitment to regional growth and reinforces its position as a leading Asia-Pacific data centre REIT. The deal is expected to deliver both scale and stability to investors, leveraging strong demand for digital infrastructure in Japan.
Seatrium Ltd: Technical Buy Signal as Breakout Nears
Seatrium Ltd stands out as a top technical pick with a strong bullish setup. The company, a key engineering solutions provider in the offshore, marine, and energy sectors, is closing in on its first target price after an 11% gain since the previous technical call in July 2025. The current analysis signals further upside as the stock approaches breakout territory.
About Seatrium Ltd
Seatrium Ltd delivers engineering solutions across offshore, marine, and energy industries, with offerings that include rigs and floaters, repairs and upgrades, offshore platforms, and specialized shipbuilding.
Technical Analysis Highlights
- Trend: The internal uptrend persists, and a recent breakout from a falling wedge pattern confirms a strong upside continuation.
- Ichimoku: Bullish signals dominate as prices trade above all five key Ichimoku indicators.
- MACD: Both signal line and MACD line are rising strongly above the zero line, with a positive histogram.
- Stochastic Oscillator: %K and %D lines have crossed upwards, indicating renewed momentum.
- Rate of Change (ROC): The 23-period ROC remains positive and is trending higher.
- Volume: Healthy expansion in trading volume supports the bullish narrative.
The technical setup suggests Seatrium Ltd is well-positioned for further gains, targeting multiple resistance and price objectives.
Seatrium Ltd: Key Technical Levels and Trade Metrics
| Parameter |
Value |
| Last Price |
S\$2.43 |
| Entry Prices |
S\$2.43, S\$2.30, S\$2.19 |
| Support Levels |
S\$2.29 (Support 1), S\$2.12 (Support 2) |
| Stop Loss |
S\$1.97 |
| Resistance Levels |
S\$2.47 (Resistance 1), S\$3.10 (Resistance 2) |
| Target Prices |
S\$2.68, S\$3.00, S\$3.10, S\$3.20 |
This structured trade approach offers multiple entry points and tiered target prices, allowing tactical flexibility for both short-term traders and longer-term investors. The positive technical indicators—coupled with expanding volume—further reinforce the case for a continued rally.
Important Disclaimers and Regulatory Notes
All analyses and recommendations are provided by CGS International Securities and are subject to strict regulatory and jurisdictional guidelines. This article is intended for informational purposes only and is not an offer or solicitation to buy or sell any securities or financial instruments. Investors are urged to seek independent financial advice tailored to their individual needs and to consider their own investment objectives and risk tolerance before making any trading decisions.
CGS International, its affiliates, and related corporations may hold positions or conduct business with the companies covered in this report. The ratings framework used in this research is as follows:
| Rating |
Definition |
| Add |
Total return expected to exceed 10% over 12 months |
| Hold |
Total return expected between 0% and +10% over 12 months |
| Reduce |
Total return expected to fall below 0% over 12 months |
Current distribution for the quarter ended June 30, 2025:
- Add: 70.6%
- Hold: 20.5%
- Reduce: 8.9%
For further details on coverage and regulatory disclosures, investors should consult with their CGS International representative.
