Detailed Financial Analysis of Key Companies

By CGS International Securities

November 13, 2024

Aspen Group Holdings Ltd

Aspen Group Holdings Ltd, operating as a holding company, offers a range of real estate services through its subsidiaries. The company specializes in the development of single-family homes, residential complexes, shopping centers, resorts, fitness centers, and financial centers, catering to customers in Malaysia and Singapore.

Technical Buy Recommendation

The stock has shown a strong return to an upside movement, demonstrating a breakout from the corrective downward channel and forming higher highs and lows. The prices are trending above all Ichimoku indicators, and the MACD/signal line remains elevated above the zero line with a positive histogram. Additionally, the Stochastic Oscillator continues to rise without signaling overbought conditions, and the 23-period ROC has risen sharply above the zero line. The 14-period DM+ and ADX have increased, strengthening the bullish signal, with volume rising above the 20-period average, indicating sustained bullish strength.

Entry Prices: 0.051, 0.040, 0.320

Support Levels: 0.047, 0.035

Stop Loss: 0.290

Resistance Levels: 0.060, 0.090

Target Prices: 0.070, 0.080, 0.090, 0.110

Wasion Holdings Ltd (HKG: 3393)

Wasion Holdings Ltd is recommended as a technical buy. The company is experiencing strong upward momentum and investor sentiment favorable for growth.

Technical Buy Recommendation

Entry Prices: 6.70, 5.90, 5.50

Stop Loss: 4.98

Target Prices: 7.40, 8.70, 10.30, 14.70

Dazhong Mining Co Ltd (CHN: 001203)

Dazhong Mining Co Ltd is also highlighted for its technical buy potential with promising entry prices and target levels.

Technical Buy Recommendation

Entry Prices: 9.93, 8.90, 7.84

Stop Loss: 7.40

Target Prices: 11.35, 13.40, 19.05, 24.50

Grab Holdings

Grab Holdings has shown impressive performance with its 3Q24 GMV increasing by 5% quarter-on-quarter (qoq) and 15% year-on-year (yoy). Additionally, the adjusted EBITDA rose by 41% qoq and doubled yoy, surpassing estimates due to stronger margin expansion across both on-demand segments.

Performance Highlights

• 3Q24 GMV: +5% qoq, +15% yoy
• Adjusted EBITDA: +41% qoq, 2x yoy

Grab has raised its FY24F revenue and adjusted EBITDA guidance, which is ahead of consensus FY24F, anticipating sequential GMV growth in 4Q24F. The company focuses on improving order frequency and customer retention to drive the lifetime value of customers. The recommendation to add remains, with the target price raised to US\$4.90.

WHA Corporation

WHA Corporation’s 3Q24 performance missed expectations due to FX loss and increased expenses. The company’s strategic focus and further details on its performance were not disclosed in this report.

Delfi Ltd

Delfi Ltd faces an uncertain FY25F, which is already priced in. The specifics of the company’s challenges and strategies for the upcoming fiscal year were not elaborated on in this report.

Lendlease Global Commercial REIT

Lendlease Global Commercial REIT is experiencing positive reversions which are driving its organic growth. The details of the positive reversions and their impact on the company’s growth trajectory were not provided in this report.

Conclusion

This comprehensive analysis highlights the key companies covered in the report, providing insights into their market performance, technical buy recommendations, and potential growth trajectories. Investors are encouraged to consider these detailed evaluations when making investment decisions.