Nera Telecommunications Ltd: Bullish Trend to Continue

Nera Telecommunications Limited, a company specializing in the sale, service, and distribution of satellite communication and transmission network products under the Nera brand name, shows promising signs of a bullish trend. The company also deals in the installation and maintenance of information technology (IT) networks and contract manufacturing.

The technical analysis of Nera Telecommunications indicates a continuation of a bullish trend, backed by several positive signals. The weekly chart highlights a clear break above the downtrend line that has persisted since October 2016. This break, coupled with support from the 14-weeks RSI, suggests a strong upward momentum.

The stock has demonstrated a series of higher highs and lows, with prices trending above all Ichimoku indicators. The MACD/signal line remains elevated above the zero line, reinforcing the bullish outlook. Additionally, the 23-period ROC has surged sharply above the zero line, and the 14-period DM+ and ADX have increased, further strengthening the bullish signal. Notably, volume has risen above the 20-period average, indicating sustained bullish strength.

Key entry prices are set at 0.107, 0.090, and 0.084, with support levels at 0.098 and 0.082. The stop loss is positioned at 0.074, while target prices range from 0.126 to 0.180.

Kingsoft Cloud Holdings Ltd: Technical Buy

Kingsoft Cloud Holdings Ltd, listed on the Hong Kong Stock Exchange, presents a compelling technical buy opportunity. With entry prices marked at 2.68, 2.00, and 1.64, investors are advised to set a stop loss at 1.38. The targets are ambitious, ranging from 4.10 to 9.40.

The technical indicators suggest a strong potential for growth, with the stock price poised for a significant upward trajectory. This recommendation is based on thorough technical analysis, highlighting key entry points and potential profit targets.

Riverstone Holdings Ltd: Better Prospects in FY25F

Riverstone Holdings Ltd is positioned for improved prospects in the financial year 2025, driven by a favorable third-quarter performance in 2024. The company reported a net profit of RM72 million, reflecting a slight quarter-on-quarter decrease of 0.5% but a substantial year-on-year increase of 22%. This performance surpassed expectations, thanks to robust volume growth that offset foreign exchange-driven margin pressure.

Looking ahead, the U.S.’s impending tariff hike on Chinese gloves could enhance Riverstone’s generic glove sales in FY25F. Additionally, the election of Donald Trump is expected to alleviate foreign exchange risks. As a result, the company’s rating has been upgraded to ‘Add,’ with a target price raised to S\$1.10, reflecting improved prospects for FY25F. Furthermore, a special dividend per share is forecasted by year-end, boosting the FY24F dividend yield to 9.3%.

Luzhou Laojiao: Awaiting Signs of Baijiu Demand Recovery

Luzhou Laojiao is on standby for indications of a recovery in demand for baijiu, a traditional Chinese spirit. The company remains vigilant, monitoring market trends and consumer behavior to gauge potential recovery signals.

China Sunsine Chemical Holdings: Anticipating Firm Profit Spreads in 4Q24F

China Sunsine Chemical Holdings is positioned to maintain solid profit spreads in the fourth quarter of 2024. The company is expected to capitalize on favorable market conditions, ensuring sustained profitability and growth.

Thai Oil: The Dust Not Yet Settled at CFP

Thai Oil is navigating through a period of uncertainty, with the dust not yet settled at the Clean Fuel Project (CFP). The company is actively addressing challenges and remains committed to overcoming obstacles to achieve its strategic objectives.