Broker: CGS International
Date of Report: August 22, 2025

Sizzling Uptrends in Asia: Huationg Global and Pop Mart Deliver Strong Bullish Signals in 2025

Market Overview: Labor Market Weakness and Shifting Economic Tides

Recent U.S. economic data points to mounting pressure in the labor market. The number of Americans filing new jobless claims surged by 11,000 to 235,000 for the week ending August 16, marking the largest weekly increase in three months. This uptick signals a potential increase in layoffs and a softening jobs environment. The average monthly employment gain over the past quarter was only 35,000, reflecting tepid hiring momentum. Additionally, domestic demand growth in Q2 was the slowest since late 2022. The number of continuing unemployment benefit recipients rose to 1.972 million, the highest since November 2021, indicating slower hiring and a cooling economy.

Pop Mart: Explosive Growth and Upward Guidance in 2025

Pop Mart (HKG: Pop Mart) has delivered a standout performance, cementing its position as a global powerhouse in the intellectual property (IP) and collectibles segment. The company’s financials for the first half of 2025 impressed across the board, with both domestic and international markets fueling stellar growth.

• Adjusted net profit for 1H25 exceeded prior profit guidance by 3-4%, driven by improved gross margins and stronger operating efficiency.
• Management raised FY25 revenue guidance to over RMB 30 billion, implying a 130% YoY surge (up from prior +50% YoY guidance).
• Adjusted net profit margin is forecast at 35%, an increase of 8.9 percentage points YoY.
• 2025 forecast: Overseas revenue expected to jump by 228% YoY, while domestic revenue is set to rise 109% YoY, propelled by robust IP momentum and new product launches.
• The analyst reiterates an “Add” recommendation on Pop Mart, with a heightened target price of HK\$390 (1.2x PEG).

Huationg Global Ltd: Bullish Momentum and Technical Strength

Singapore-listed Huationg Global Ltd (SGX: 1H8) continues to capture attention with its sustained bullish trend and technical cues pointing to further upside. The company, an investment holding group specializing in civil engineering services for Singapore’s infrastructure sector, operates across four primary segments: Civil Engineering Contract Works, Inland Logistics Support, Sales of Construction Materials, and Dormitory Operations.

Technical Snapshot and Entry Strategy

The technical outlook for Huationg Global Ltd is overwhelmingly positive, with the following key levels and entry points:

Company Overview

Huationg Global Limited stands as a diversified player in Singapore’s infrastructure sector, with capabilities spanning:

• Earthworks and infrastructure construction
• Inland logistics support
• Sales of construction materials
• Dormitory operations

Key Technical Observations

• The stock remains firmly anchored in both major and secondary uptrend lines.
• A bullish breakout above the pennant pattern indicates further upside potential.
• The Ichimoku indicator is signaling strong bullish momentum, with all five components trending upward.
• A decisive bullish candle closed above the 9-period conversion line, confirming the uptrend continuation.
• MACD (Moving Average Convergence Divergence) lines are rising above the zero line with a positive histogram.
• The 23-period Rate of Change (ROC) is positive, reflecting strong price momentum.
• The Directional Movement Index (DMI) shows sustained bullish strength.
• Trading volume demonstrates healthy expansion, supporting the uptrend.

Analyst Ratings and Target Price Framework

The report’s recommendation framework classifies stocks as Add, Hold, or Reduce based on expected total returns (price appreciation plus dividends) over the next 12 months:

• Add: Total return expected to exceed 10%
• Hold: Total return between 0% and +10%
• Reduce: Total return expected to fall below 0%

Sector and country ratings are also provided to help investors allocate exposure relative to benchmarks.

Compliance, Disclaimers, and Global Distribution Notes

The report includes comprehensive compliance notes for various jurisdictions, highlighting regulatory considerations and limitations for distribution in countries such as Australia, Canada, China, France, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, South Korea, Spain, Sweden, Switzerland, the UAE, the UK, and the US.
No analysts or the firm held any disclosed positions in the covered companies at the time of reporting. The research is intended for institutional, professional, and sophisticated investors, with additional guidance provided for retail investors regarding reliance on recommendations.

Summary: Bullish Outlook for 2025

Both Pop Mart and Huationg Global are exhibiting powerful bullish signals in 2025, with Pop Mart’s explosive international expansion and Huationg Global’s robust technical uptrend offering compelling opportunities for investors. The technical and fundamental analysis presented highlights significant upside in the coming quarters, supported by strong momentum, expanding margins, and positive sector outlooks.
Investors are encouraged to closely monitor entry and exit levels, especially given the volatility in global economic data and evolving sector trends. As always, due diligence and personalized financial advice are recommended before making any investment decisions.