Introduction

The CGS Singapore Retail Research report for February 7, 2025, offers a detailed technical analysis and market outlook for various companies. The report outlines investment strategies, technical buy recommendations, and potential market trends. Below is a deep dive into the companies covered, their technical performance, and the recommendations provided by the analysts.

DFI Retail Group Holdings Ltd

Last Price: \$2.37

Recommendation: Technical Buy

DFI Retail Group Holdings Ltd, a holding company focusing on retail stores such as supermarkets, drugstores, and convenience stores, shows promising technical indicators. Despite a recent correction, the company has maintained a bullish outlook, breaking out of a falling wedge formation. The analysis highlights the following:

• The Ichimoku indicator shows two out of three bullish crossovers.
• The stochastic oscillator performed a crossover above the 20-line, signaling potential upward momentum.
• The 23-period Rate of Change (ROC) has rebounded above the zero line, indicating positive price action.
• The Directional Movement Index (DMI) confirms a strong bullish signal.
• Volume expansion is healthy, further supporting the bullish case.

Entry Prices: \$2.37, \$2.20, \$2.17

Support Levels: \$2.20, \$1.99

Stop Loss: \$1.98

Resistance Levels: \$2.38, \$2.68

Target Prices: \$2.68, \$2.75, \$3.08, \$3.30

Chinasoft International Ltd (354)

Recommendation: Technical Buy

Chinasoft International Ltd is highlighted as a strong buy based on technical indicators. The report emphasizes potential entry points and growth targets:

Entry Prices: \$5.98, \$5.20, \$4.50

Stop Loss: \$4.32

Target Prices: \$7.20, \$9.00, \$11.70, \$12.20

The technical analysis suggests significant growth potential for Chinasoft, making it an attractive option for investors seeking long-term gains.

Ming Yuan Cloud Group Holdings Ltd (909)

Recommendation: Technical Buy

Ming Yuan Cloud Group Holdings Ltd is another recommended technical buy. The report provides entry points and target prices that indicate substantial upside potential:

Entry Prices: \$3.15, \$2.70, \$2.30

Stop Loss: \$2.08

Target Prices: \$4.20, \$5.80, \$7.70, \$9.20

Investors are advised to monitor this stock closely, as it demonstrates strong technical indicators for growth.

Singapore Exchange (SGX)

Recommendation: Hold

The Singapore Exchange (SGX) continues to show resilience with cash equities and equity derivatives driving growth in the first half of 2025. Operating expenses remain well-controlled. The report notes:

• A declared dividend per share (DPS) of 9 Singapore cents in Q2 2025, up from 8.5 Singapore cents in Q2 2024.
• While details on stock market revitalization remain scarce, tighter cost controls and higher treasury income are factored into a higher target price of S\$13.20.
• However, softening macroeconomic conditions could limit volume growth.

ST Engineering

Recommendation: Not explicitly stated

ST Engineering is highlighted for ending the year on a high note. The report underscores the company’s solid performance, which positions it as a noteworthy player in its sector. Further details are not explicitly provided in the report.

Distillers & Vintners (Baijiu Industry)

Recommendation: Not explicitly stated

The Baijiu industry faces challenges in FY25F, signaling a tough time ahead for distillers and vintners. The report suggests that macroeconomic headwinds could impact this sector significantly.

CR Mixc Lifestyle

Recommendation: Not explicitly stated

CR Mixc Lifestyle is expected to maintain fast growth in FY24F. The report positions it as a company with stable performance and growth potential, making it a company to watch in the coming fiscal year.