Singapore | Trendspotter | Retail Research | March 14, 2025
Trendspotter: Bullish Breakout and Potential Upside for Key Singapore Stocks
ANE Cayman Inc (9956) – Technical Buy
The report suggests a technical buy on ANE Cayman Inc (9956) with entry prices at 8.03, 7.48, and 6.93. The stop loss is set at 6.48, and the target prices are 9.23, 10.20, 12.10, and 13.60. [[2]]
Datang International Power Generation Co Ltd (991) – Technical Buy
Datang International Power Generation Co Ltd (991) is also recommended as a technical buy, with entry prices at 1.51, 1.40, and 1.33. The stop loss is set at 1.28, and the target prices are 1.73, 1.90, 2.10, and 2.60. [[2]]
Singapore Strategy: Focused on REITs and Select Sectors
The report adopts a more risk-off strategy in the near-term, with increasing concerns over recession fears and uncertainties around the impact of higher trade tariffs. The analysts are more bullish on REITs but remain overweight on Capital Goods, Consumer, Construction, Gaming, Technology, Gloves, Internet, and Commodities. The CYF MSCI target now stands at 411.7pts, up slightly from 409.3pts previously, based on 15x CY25F earnings. The top 10 Singapore picks include UOL, KDCREIT, iFAST, CLAR, KEP, YZJSGD, PAN, FEH, MPM, and Q&M. [[2]]
Mapletree Pan Asia Commercial Trust (MPACT) – Technical Buy
The report highlights a bullish breakout for Mapletree Pan Asia Commercial Trust (MPACT), with the price action showing a strong reversal to the upside. The analysts believe the momentum is likely to be sustained, citing the following technical pointers:
- MPACT has broken out of a consolidative range with a strong bullish candle, supported by strong volume. [[2]]
- A triple bottom pattern is spotted, indicating a potential larger reversal over the longer-term period. [[2]]
- The stochastic oscillator has confirmed an oversold crossover. [[2]]
- The 23-period ROC is rising and has rebounded, closing in on the zero line. [[2]]
- The directional movement index’s bullish strength signal remains valid. [[2]]
- Volume has been expanding in a healthy fashion. [[2]]
The report recommends a technical buy on MPACT, with entry prices at 1.24, 1.20, and 1.15. The stop loss is set at 1.10, and the target prices are 1.38, 1.50, 1.64, and 1.80. [[2]]
CGS-CIMB Research March 14, 2025
