Broker: CGS International
Date of Report: July 24, 2025
Genting Singapore and Elite UK REIT: Technical Insights and Outlook for Investors
Market Overview: Trade Optimism Lifts Global Equities
The latest equity rally continues as the US secured a record-breaking trade agreement with Japan, spurring speculation of a similar breakthrough with the EU. US equities hit all-time highs, with the S&P 500 climbing on reports of potential 15% tariffs for most products in an EU-US deal. Treasury yields rose, the dollar softened, and appetite for haven assets waned. Despite a strong \$13 billion 20-year US Treasury auction, bonds remained lower, while Japan’s 40-year government bond auction recorded its weakest demand since 2011. As trade negotiations intensify ahead of the August 1 deadline, market momentum remains robust, characterized by low volatility and steady upward moves.
Elite UK REIT: Ground Checks Confirm Income Resilience
- Recent site visits in Scotland reaffirm income resilience for Elite UK REIT’s assets.
- FY25-27F DPU estimates raised by 1.26–3.07%, now projected at 2.98–3.04 pence.
- Recommendation: Add, with a revised DDM-based target price of £0.38.
Genting Singapore Ltd: Technical Buy Signal and Upside Potential
| Technical Levels & Targets |
| Last Price |
0.750 |
| Entry Price(s) |
0.750, 0.670 |
| Support 1 |
0.690 |
| Support 2 |
0.640 |
| Stop Loss |
0.640 |
| Resistance 1 |
0.755 |
| Resistance 2 |
0.930 |
| Target Price 1 |
0.820 |
| Target Price 2 |
0.980 |
| Target Price 3 |
1.05 |
| Target Price 4 |
1.12 |
Company Description:
Genting Singapore Limited develops and operates integrated resort properties and casinos, with a portfolio spanning Australia, the Americas, Malaysia, the Philippines, and the United Kingdom.
Technical Analysis: Bullish Structure and Momentum Building
- Genting has rebounded from a previous entry price of S\$0.700, demonstrating strong accumulation and bullish strength.
- A large V-shaped bottom formation is visible, with resistance at S\$0.755 weakening after multiple tests.
- The stock recently closed above all Ichimoku indicators, signaling a robust bullish trend.
- MACD is rising strongly toward the zero line post-crossover, and the histogram is positive.
- Stochastic Oscillator is trending upward, confirming mid-term bullish momentum.
- 23-period Rate of Change (ROC) is positive, supporting the upward bias.
- Directional Movement Index indicates steady bullish strength.
- Volume has expanded healthily over the last 10 periods, supporting the technical breakout potential.
Key Technical Takeaways
- Breakout above S\$0.755 could set the stage for higher targets up to S\$1.12.
- Supports at S\$0.690 and S\$0.640 provide downside protection, with a recommended stop loss at S\$0.640.
Broker Ratings and Recommendation Framework
| Stock Rating |
Definition |
| Add |
Total return expected to exceed 10% over the next 12 months. |
| Hold |
Total return expected between 0% and +10% over the next 12 months. |
| Reduce |
Total return expected to fall below 0% over the next 12 months. |
- Target prices have a 12-month investment horizon.
Sector and Country Ratings
| Sector Rating |
Definition |
| Overweight |
Positive absolute recommendation, market cap-weighted. |
| Neutral |
Neutral absolute recommendation, market cap-weighted. |
| Underweight |
Negative absolute recommendation, market cap-weighted. |
| Country Rating |
Definition |
| Overweight |
Investors should be positioned above market weight relative to benchmark. |
| Neutral |
Investors should be positioned at market weight relative to benchmark. |
| Underweight |
Investors should be positioned below market weight relative to benchmark. |
Rating Distribution as of Q2 2025
| Rating |
% of Coverage |
Investment Banking Clients (%) |
| Add |
70.6% |
1.1% |
| Hold |
20.5% |
0.5% |
| Reduce |
8.9% |
0.5% |
561 companies were under coverage for the quarter ended June 30, 2025.
Conclusion: Strategic Opportunities Amid Market Momentum
The ongoing optimism around global trade deals continues to buoy equities, while technical signals for Genting Singapore point to a compelling bullish opportunity—with clear support and resistance levels for tactical positioning. Elite UK REIT stands out for its income resilience and upwardly revised distributions. Both stocks present differentiated prospects for investors seeking exposure to robust, technically supported opportunities in the current market environment.
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