Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass).</li>
<li>We have also remain near-term bullish on MSCI ACWI since our April 23, 2026 Int’l Compass, and we continue to expect support at the 50-day MA on ACWI-US</li>
<li>We take a closer look at SK Hynix and Micron</li>
</ul>


Our global intermediate-term outlook remains bullish on MSCI ACWI (in place since our 5/14/25 Compass).
We have also remain near-term bullish on MSCI ACWI since our April 23, 2026 Int’l Compass, and we continue to expect support at the 50-day MA on ACWI-US
We take a closer look at SK Hynix and Micron


US Dollar Breakout; Watching SK Hynix (000660-KR) And Micron (MU-US); Should You Be Concerned? No.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>UOB Kay Hian keeps 'buy' rating on Food Empire, target price at $3.49.</li><li>Goldman Sachs reports limited impact from China's July 1 cross-border curbs.</li><li>RHB upgrades First Resources to 'buy' with target price of $3.70.</li></ul>

UOB Kay Hian keeps 'buy' rating on Food Empire, target price at $3.49.Goldman Sachs reports limited impact from China's July 1 cross-border curbs.RHB upgrades First Resources to 'buy' with target price of $3.70.

Singapore Market Roundup (22-Jun-2026): UOB Kay Hian maintains 'buy' on Food Empire, price target

<ul>
<li>UOBKH keeps 'buy' rating and targets 71 cents for LHN.</li>
<li>CGS International keeps 'add' call on Sembcorp, target price at $7.68.</li>
<li>DBS Group Research rates Centurion Corp as 'buy' due to bed growth visibility.</li>
</ul>


UOBKH keeps 'buy' rating and targets 71 cents for LHN.
CGS International keeps 'add' call on Sembcorp, target price at $7.68.
DBS Group Research rates Centurion Corp as 'buy' due to bed growth visibility.


Singapore Market Roundup (12-Jun-2026): UOBKH maintains 'buy' rating, targets 71 cents for LHN.

<ul><li>Wee Hur's entry into HK student housing is a strategically positive move, says DBS.</li><li>Singapore banks upgraded to ‘overweight’ by CGSI due to stronger NII growth for FY2027.</li><li>UOBKH keeps 'buy' on CSE Global, citing strong fundamentals after ID's exit.</li></ul>

Wee Hur's entry into HK student housing is a strategically positive move, says DBS.Singapore banks upgraded to ‘overweight’ by CGSI due to stronger NII growth for FY2027.UOBKH keeps 'buy' on CSE Global, citing strong fundamentals after ID's exit.

Singapore Market Roundup (10-Jun-2026): Wee Hur's HK student housing entry is a smart strategy,

<ul>
<li>CGSI's Ong increases Pan-United target price from $1.55 to $1.85.</li>
<li>KGI's Chen starts coverage on OKP, rating it 'outperform' with a $1.31 target.</li>
<li>RHB starts coverage on Tai Sin Electric with a 'buy' rating and 75 cents target.</li>
</ul>


CGSI's Ong increases Pan-United target price from $1.55 to $1.85.
KGI's Chen starts coverage on OKP, rating it 'outperform' with a $1.31 target.
RHB starts coverage on Tai Sin Electric with a 'buy' rating and 75 cents target.


Singapore Market Roundup (05-Jun-2026): CGSI's Ong raises Pan-United target price to $1.85.

Singapore

DBS Group Holdings Ltd is a leading financial services group in Asia, providing retail, small and medium-sized enterprise, corporate, and investment banking services. Its offerings include current and savings accounts, loans, cards, payments, investment, and insurance products. The company was founded in 1968 and is headquartered in Singapore.

Price Gauge
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DBS Group (DBS SP)

US Dollar Breakout; Watching SK Hynix (000660-KR) And Micron (MU-US); Should You Be Concerned? No.

U.S. Dollar Breakout; Watching SK Hynix (000660-KR) and Micron (MU-US); Should You Be Concerned About Technology? No.; Bullish Outlook Intact. Buys...

Vermilion Research

Singapore Market Roundup (22-Jun-2026): UOB Kay Hian maintains 'buy' on Food Empire, price target

UOB Kay Hian maintains 'buy' on Food Empire at $3.49. Goldman Sachs sees limited effect from China's curbs. RHB upgrades First Resources to 'buy'...

Singapore Market Roundup

Singapore Market Roundup (12-Jun-2026): UOBKH maintains 'buy' rating, targets 71 cents for LHN.

UOBKH maintains 'buy' on LHN at 71 cents; CGS International keeps 'add' on Sembcorp, target $7.68. DBS Group Research rates Centurion Corp

Singapore Market Roundup

Singapore Market Roundup (10-Jun-2026): Wee Hur's HK student housing entry is a smart strategy,

Wee Hur's HK student housing entry is seen as strategic by DBS. Singapore banks upgraded to 'overweight' for FY2027 growth; UOBKH maintains 'buy'...

Singapore Market Roundup

Singapore Market Roundup (05-Jun-2026): CGSI's Ong raises Pan-United target price to $1.85.

CGSI's Ong raises Pan-United target price to $1.85. KGI's Chen starts coverage on OKP, rating it 'outperform' with a $1.31 target.

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)