Comprehensive Analysis of November 29, 2024 Trendspotter Report by CGS International

Introduction

The November 29, 2024, edition of Trendspotter by CGS International provides an insightful analysis of the Hong Kong retail market, with a detailed focus on Digital China Holdings Ltd. Additionally, it delves into the investment landscapes within the ASEAN region, offering a comprehensive overview and strategic recommendations for investors.

Digital China Holdings Ltd (861): Technical Buy

Digital China Holdings Ltd, trading under the ticker 861, operates as a holding company with a significant focus on big data, the Internet of Things, and artificial intelligence technologies. The company’s services extend to industry chain, smart city, and system integration services, primarily catering to clients in Hong Kong and China.

Technical Analysis

• Entry Prices: 3.31, 3.10, 2.89
• Support Levels: 3.13 and 2.93
• Stop Loss: 2.68
• Resistance Levels: 3.59 and 4.29
• Target Prices: 3.83, 4.80, 5.40, and 7.00

The technical snapshot reveals a potential recovery for Digital China with the following key points:

1. The stock has surpassed a three-year downtrend line.
2. A significant rebound occurred post a heavy sell-off on October 8, 2024, with a subsequent breakout from the bullish flag formation.
3. Prices are trending above all Ichimoku indicators.
4. MACD/signal line remains elevated above the zero line, indicating positive momentum.
5. The Stochastic Oscillator continues to rise, confirming bullish momentum.
6. The 23-period ROC has risen above the zero line.
7. Directional movement index is positive.
8. Volume is showing healthy expansion.

ASEAN Strategy: China + ASEAN, a Winning Formula

The report offers a thorough exploration of the China-ASEAN investment landscapes, focusing on Malaysia, Indonesia, Singapore, Thailand, and Vietnam. It highlights strategic advantages, opportunities, and insights into the policies, trade, and economies of these regions. Notably, the ASEAN Strategy positions China and ASEAN as a formidable winning combination for investors.

Malaysia: Key Companies

• Genting Bhd: Despite its cheap valuations, Genting Bhd requires a larger catalyst to propel significant growth.
• Hong Leong Bank: The bank has achieved its sixth consecutive quarter of net interest margin (NIM) expansion.
• Wasco Bhd: The company boasts a record high tender book, signaling robust future prospects.

Conclusion

The November 29, 2024, Trendspotter report by CGS International offers a deep dive into the Hong Kong and ASEAN markets, providing investors with comprehensive insights and actionable recommendations. With a primary focus on Digital China Holdings Ltd and the strategic dynamics of the ASEAN region, this report serves as a valuable resource for investors seeking to navigate these markets.