Singapore Retail Research: Comprehensive Analysis of Listed Companies
Broker: CGS International Securities | Date: March 5, 2025
Market Overview
In the evolving landscape of the global market, oil prices have been fluctuating amidst geopolitical tensions and trade considerations. As traders focus on the ongoing war in Ukraine, potential US tariffs on neighboring countries, and China’s fiscal stimulus measures, the market is poised for significant shifts. Brent crude is currently hovering around \$73, following its steepest monthly decline since September. Concerns regarding global demand due to trade wars and ample supply continue to pressurize crude prices, with hedge funds reducing their net-long positions in West Texas Intermediate crude to levels not seen since 2010.
Company Analyses
1. UMS Integration Ltd (SIN)
Recommendation: Technical Buy
Last Price: 1.10
UMS Integration Limited is a precision engineering firm specializing in the manufacturing of semiconductor components and providing electromechanical assembly and testing services. The company operates across the United States, Singapore, and Malaysia.
The technical indicators suggest that UMS is on an upward trajectory, having recently broken out of a consolidative range. Key indicators that support this bullish outlook include:
- An engulfing candle from the previous period confirms the breakout.
- Prices are currently trending above all Ichimoku indicators.
- The MACD histogram is positive, with a rising MACD/signal line above the zero line.
- The Stochastic Oscillator shows an upward trend.
- A 23-period Rate of Change (ROC) is steadily rising above the zero line.
- There is observable bullish divergence on a short-term basis.
- The Directional Movement Index (DMI) remains in the bullish zone despite minor dips.
- Volume has been expanding healthily, indicating strong buying interest.
Entry prices are set at 1.10, 1.05, and 0.980, with support levels at 1.06 and 0.960. A stop loss is recommended at 0.940, while target prices are projected at 1.24, 1.32, 1.40, and 1.70.
2. Uni-President China Holdings Ltd (HKG: 220)
Recommendation: Technical Buy
Entry Price(s): 8.52, 8.00, 7.45
Stop Loss: 6.55
Target Prices: 9.80, 11.20, 13.80, 16.00
Uni-President China Holdings is a leading food and beverage company with a strong market presence in China. The company is focusing on expanding its product lines and enhancing brand recognition. Technical indicators suggest a favorable buying opportunity, with potential for high returns.
3. Abbisko Cayman Ltd (HKG: 2256)
Recommendation: Technical Buy
Entry Price(s): 6.87, 6.00, 5.35
Stop Loss: 4.85
Target Prices: 8.80, 10.50, 13.70, 15.00
Abbisko Cayman Ltd has been positioning itself as a key player in the biotechnology sector, leveraging its innovative drug development pipeline. The technical outlook is positive, indicating potential for significant price appreciation driven by upcoming product launches and favorable market conditions.
4. HD Korea Shipbuilding & Offshore Engineering Co Ltd (HKG: 009540)
Recommendation: Technical Buy
Entry Price(s): 235,500, 210,000, 190,000
Stop Loss: 176,600
Target Prices: 287,500, 300,800, 320,000, 370,750
HD Korea Shipbuilding is poised for a strong performance as demand for shipbuilding and offshore engineering services remains resilient. The company’s focus on technological innovation and expansion into new markets bodes well for future revenue growth. Technical indicators suggest favorable entry points for investors.
5. ASMPT Limited (HKG)
Recommendation: Add
ASMPT has experienced a significant decline in core net profit, down 52% year-on-year due to a sluggish recovery in the automotive and industrial sectors. However, the outlook for FY25-26 is optimistic, with expected rapid revenue growth driven by robust demand for Advanced Packaging (AP) tools. A revised target price of HK\$91.0 is set based on a price-to-book value of 2.3x for FY25F.
6. Pacific Radiance (SIN)
Recommendation: Multiple Growth Drivers Ahead
Pacific Radiance is expected to see growth driven by several factors, including an increase in demand for marine services and strategic partnerships that enhance operational capacity. The company is well-positioned to capitalize on the recovery of the offshore oil and gas industry, making it an attractive investment option.
7. Malaysia Strategy Monthly Wrap (MAL)
This report provides insights into the Malaysian market, outlining key economic indicators, trends, and potential investment opportunities. It emphasizes the importance of monitoring developments in the regional economy and adjusting investment strategies accordingly.
8. Economics Update: Inflation Likely Bottomed (IND)
This update focuses on the inflation trajectory and its implications for monetary policy and investment strategies. It suggests that inflation may have reached its peak, indicating a potential shift in economic conditions that could affect market dynamics.
Conclusion
The report presents a diverse range of investment opportunities across multiple sectors, emphasizing the importance of technical analysis in identifying potential breakout stocks. Investors are advised to consider these recommendations carefully for their portfolios.
