In-Depth Analysis of Featured Companies by CGS International – August 30, 2024

In the latest report by CGS International, financial enthusiasts and investors are provided with detailed insights into several companies that show promising trends and potential investment opportunities. This report, published on August 30, 2024, offers a deep dive into the current market standing and future prospects of each company. Let’s explore the highlights and recommendations for each featured entity.

Manulife US Real Estate Investment Trust (MUST)

Technical Buy Recommendation

Manulife US Real Estate Investment Trust, focusing primarily on office properties in the United States, is currently in the early stages of an uptrend. The stock is trading at the last price of 0.095 with entry prices suggested at 0.095, 0.080, and 0.075. The support levels are identified at 0.090 and 0.070, while the stop loss is placed at 0.064, indicating a risk management strategy.

With resistance levels at 0.105 and 0.130, the target prices are set progressively at 0.110, 0.130, 0.160, and 0.200. The technical indicators reveal a positive outlook with the stock forming higher highs and lows, trending above ichimoku indicators, and a positive MACD histogram. Volume expansion further confirms the bullish breakout, making MUST a favorable buy.

China Feihe Ltd (6186)

Technical Buy Recommendation

China Feihe Ltd, a prominent player in the dairy industry, has been marked as a technical buy with entry prices at 4.04, 3.75, and 3.40. The stop loss is cautiously set at 3.26 to minimize potential losses. The target prices are ambitiously placed at 4.48, 5.00, 6.28, and 8.14, highlighting the potential for significant upside.

First Tractor Co Ltd (38)

Technical Buy Recommendation

First Tractor Co Ltd, known for its agricultural machinery, presents a technical buy opportunity with entry points at 7.75, 7.15, and 6.46. The stop loss is strategically positioned at 5.96. Target prices are set at 8.80, 10.00, 12.80, and 14.84, indicating a bullish outlook for the company.

Tianneng Battery Group Co Ltd (688819)

Technical Buy Recommendation

For Tianneng Battery Group Co Ltd, a leader in battery manufacturing, the report suggests a technical buy with entry prices at 24.07, 22.70, and 21.30. The stop loss is set at 20.30. The ambitious target prices are set at 27.05, 29.40, 32.05, and 39.50, underscoring the potential growth trajectory for this company.

BYD Co Ltd

Potential Growth Driven by Premium and Overseas Expansion

BYD Co Ltd has shown remarkable potential with a 98% quarter-on-quarter surge in net profit during 2Q24, driven by strong sales in the NEV segment and reduced operating expenses. The company is expected to further bolster its value per model (VPM) through premium model launches and overseas expansion in fiscal years 2024-2026. The recommendation is to reiterate an “Add” with a sum-of-the-parts-based target price of HK\$345.

Wuliangye Yibin

Improved Sales Visibility Expected in 2H24F

Wuliangye Yibin is anticipated to experience better sales visibility in the second half of 2024, presenting a positive outlook for investors considering this company.

Tenaga Nasional

GenCo Performance Exceeds Expectations

Tenaga Nasional reported strong performance from its Generation Company (GenCo), surpassing street estimates, which is a positive indicator for stakeholders and prospective investors.

Velesto Energy Berhad

Awaiting Clarity on Multiple Fronts

Velesto Energy Berhad, while showing potential, is currently in a holding pattern as it awaits clarity on several key issues that could impact its future trajectory.

In conclusion, CGS International’s report provides a robust analysis of these companies, offering valuable insights and recommendations for investors. With detailed entry points, target prices, and technical indicators, this report serves as a comprehensive guide for those looking to capitalize on potential market opportunities.