Stocks with Momentum: Hongkong Land and Thai Beverage

May 2, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we’re highlighting Hongkong Land Holdings Ltd (SGX: H78) as price action show signs of a bullish bottom reversal, and Thai Beverage PCL (SGX: Y92), where its price action suggests a mean-reversion to the upside.

Below are some key highlights from the technical reports:

Hongkong Land Holdings Ltd

  • Market Position: Hongkong Land is designated as a ‘Technical Buy’ as its price action suggests a potential bottoming out after buying pressure was seen in recent periods.
  • Entry Prices and Support Levels: Recommended entry points are at US$3.21, US$3.05, and US$2.90, with support levels established at US$3.07 and US$2.79.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at US$2.76. The resistance levels identified at US$3.35 and US$3.72.
  • Target Prices: Target prices are set at US$3.46, US$3.70, US$4.00, and US$4.05.
  • Company Overview: Hongkong Land operates as a property investment, development, and management company. The company owns and manages prime offices and luxury retail properties in Asian gateway cities, principally in Hong Kong and Singapore.

For a more detailed analysis, click on the link to access the report.

Thai Beverage PCL 

  • Market Position: Thai Beverage is classified as a ‘Technical Buy’, with its price action also suggesting a potential bottoming out after buying pressure was seen in recent periods.
  • Entry Prices and Support Levels: Investors are advised to consider entry points at S$0.495, S$0.475, and S$0.460. Support levels have been carefully determined at S$0.480 and S$0.450.
  • Stop Loss and Resistance Levels: A prudent stop loss is set at S$0.445 to mitigate risks. The resistance levels are projected at S$0.520 and S$0.560.
  • Target Prices: Target prices set by the analysis are S$0.530, S$0.560, S$0.580, and S$0.610.
  • Company Overview: Thai Beverage produces a wide range of branded beer and spirits in Thailand.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is straightforward: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.