$YZJ Fin Hldg(YF8.SI)$
$0.540 (+4.85%): Oversold Rebound — Relief Rally From Capitulation Low, But Downtrend Still Heavy Below $1.00
Market Recap:
Yangzijiang Financial Holding (YF8.SI) surged 4.85% to $0.540, staging a sharp rebound after a capitulation-style drop earlier this week that wiped out nearly 60% from October highs.
The counter remains ≈57% below its 2024 peak ($1.24) but still up ~30% YTD, reflecting strong early-year performance offset by recent panic selling.
Today’s bounce came amid heavy volume (19.4M shares) and short-covering interest, following bargain hunting from institutional flows after valuation reset near record lows.
Technicals (1-week outlook):
Price remains deeply below both EMAs — EMA-20 $0.982 and EMA-50 $1.04, confirming the broader downtrend remains intact.
The MACD (12,26,9) stays bearish (−0.093 vs signal −0.040), though histogram contraction suggests early momentum recovery.
The RSI (14) prints 11.94, signaling extreme oversold territory — a technical zone typically preceding short-term bounces. A strong resistance remains at $0.545-$0.6, with initial support now at $0.4.
Valuation & Forecast:
At a modest P/E ~5.4× and dividend yield ~3.25%, YF8 trades well below its intrinsic net asset value, with a beta of 0.40 implying low correlation to the broader market.
Analysts’ 12-month target stands at $1.25, implying over 130% upside if confidence returns. Nonetheless, such targets assume earnings stability in the asset-management segment and no further mark-to-market write-downs.
Risk & Disclaimer:
Despite today’s rebound, technicals remain fragile. Continued volatility from investor sentiment and liquidity rotation may cap recovery. This analysis is based on TradingView and Yahoo Finance data (Nov 7 close) and intended for technical reference only — not investment advice.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Comments