Cowell e Holdings Inc (1415) – Technical Buy

Cowell e Holdings Inc, a holding company that operates in the electronics and optical components manufacturing sector, has been identified as a technical buy. The company’s portfolio includes camera modules, optical lenses, and prisms. As of the last trading session, the stock price stood at HK\$27.10, with a confirmed upside continuation.

The analysis indicates a bullish trend, with the share price breaking out of a bullish flag pattern and trending above all Ichimoku indicators. The MACD/signal line is on the rise, with a positive histogram. The 23-period ROC has risen above the zero line, signaling potential bullish strength. Furthermore, the directional movement index confirms this bullish momentum, supported by a volume rise above the 20-period average.

The entry prices are listed as HK\$27.10, HK\$24.00, and HK\$22.00, with support levels at HK\$24.80 and HK\$19.68. The stop loss is marked at HK\$19.60. Resistance levels are identified at HK\$30.60 and HK\$35.00, with target prices set at HK\$33.15, HK\$40.10, HK\$53.22, and HK\$75.00. The recommendation by the analyst, CHUA Wei Ren, CMT, is a strong buy due to the bullish indications.

Singapore Post Ltd (SPOST) – Focus on Break-Up Value

SPOST is currently focusing on its break-up value following the sale of its Australian business for A\$1.02 billion. This transaction could yield a gain of S\$312 million, with proceeds earmarked for debt repayment and a special dividend. The sale of this crown jewel asset suggests that SPOST may continue to monetize its assets moving forward.

SPOST is believed to have an additional S\$1.5 billion in assets that are ripe for sale over the next two years. The report reiterates an “Add” recommendation, with the target price raised to S\$0.74 due to the removal of the holding company discount.

Malaysian Banks – Loan Growth Projections

The Malaysian banking sector is projected to experience loan growth heading towards around 5% in 2024. This growth is indicative of a stable economic environment and a potential increase in consumer and business borrowing.

Hibiscus Petroleum Bhd – Long-Term Rerating Potential

Hibiscus Petroleum Bhd is highlighted for its multiple projects, which are expected to drive long-term rerating. The company’s strategic initiatives and project pipeline present opportunities for growth and increased valuation over the coming years.

Bank Tabungan Negara – Focus on FY25F Improvement

Bank Tabungan Negara is concentrating on enhancements for the fiscal year 2025 forecast. The focus is on improving operations and financial performance to achieve better outcomes in the coming fiscal periods.