Overview

The retail research report published on November 7, 2024, by CGS International Securities provides an in-depth analysis of several key companies: Propnex Ltd, OSL Group Ltd, Capitaland Investment, Singapore Post Ltd, SIA Engineering, and PTT Global Chemical. This comprehensive analysis aims to offer insights into their financial performance, stock trends, and potential investment opportunities.

Propnex Ltd – Bullish Start to the Upside

Last Price: 0.840

Entry Price(s): 0.840, 0.795, 0.760

Support Levels: 0.795, 0.730

Stop Loss: 0.720

Resistance Levels: 0.910, 1.07

Target Prices: 0.920, 1.00, 1.10, 1.20

Propnex Ltd, a real estate agency operating in Singapore, Indonesia, and Malaysia, is showing a bullish trend. The company has broken out of a larger descending triangle, forming a series of higher highs and lows. Key technical indicators such as the Ichimoku indicator, MACD histogram, Stochastic Oscillator, and Directional Movement Index all signal a strong bullish momentum. Volume expansion remains healthy, supporting the positive outlook.

OSL Group Ltd (863) – Technical Buy

Entry Price(s): 8.16, 6.38, 5.20

Stop Loss: 4.15

Target Prices: 10.15, 12.12, 15.00, 18.82

OSL Group Ltd, listed on the Hong Kong Stock Exchange (HKG), is identified as a technical buy. The company is expected to achieve significant price targets ranging from 10.15 to 18.82, offering substantial upside potential from the entry prices. Investors should consider the stop loss at 4.15 to manage risk effectively.

Capitaland Investment – Building Momentum Towards 4Q24Fv

Capitaland Investment (CLI) reported a 9M24 revenue of S\$2.1bn, which is broadly in line with expectations and represents 72% of the FY24F forecast. The company’s revenue growth in 9M24 was driven by its commercial management and private funds segment. The report maintains an “Add” rating for CLI with an unchanged target price (TP) of S\$4.30.

Singapore Post Ltd – Awaiting Value Unlocking Initiatives

Singapore Post Ltd is on the watchlist for potential value unlocking initiatives. The company is expected to implement strategies that could enhance its overall market position and financial performance. Investors should stay tuned for updates on these initiatives to assess their impact on the company’s value.

SIA Engineering – Fundamentals Trending in the Right Direction

SIA Engineering is experiencing positive trends in its fundamentals. The company is focusing on strengthening its core operations and enhancing its service offerings. Continued improvement in these areas is likely to support its long-term growth prospects and provide value to shareholders.

PTT Global Chemical – Kitchen Sinking with Impairment Items

PTT Global Chemical (PTTGC) is facing challenges due to impairment items, which are impacting its financial performance. The company is working on mitigating these issues and exploring opportunities to stabilize its operations. Investors should monitor PTTGC’s progress in addressing these challenges to evaluate its future potential.

Market Overview

The report also provides an overview of global commodities and indices, highlighting key movements in major stock markets such as the Dow Jones, S&P 500 Index, Nasdaq Index, Euro Stoxx 50, and others. Currency trends and commodity prices are also discussed, offering a comprehensive view of the current market landscape.

Conclusion

This detailed analysis provides valuable insights into the performance and prospects of Propnex Ltd, OSL Group Ltd, Capitaland Investment, Singapore Post Ltd, SIA Engineering, and PTT Global Chemical. Investors are encouraged to consider the technical and fundamental factors discussed in this report to make informed investment decisions.