After Two Major Wins, Apex’s Top Analyst Highlights 3 Stocks That Could Be Next
StockTipRatings ·
Apex Securities analyst Tan Sue Wen initiated coverage on Elridge Energy Holdings with a “Buy” rating and a target price of RM0.86 on 14 August 2025, when the stock was trading at RM0.685. The share price reached a new high of RM0.97 on November 18 — representing a total gain of 42% since initiation.
According to Tan, the company is well-positioned to capture Japan’s growing demand for GGL-certified biomass fuels, supported by its proven track record, which includes a 15-year contract with a renowned Japanese Company, its status as one of Malaysia’s largest GGL-certified PKS producers, and ongoing capacity expansion plans.
In another initiation coverage report, Tan issued a “Buy” rating on Cheeding Holdings with a target price of RM0.73 on September 23. Notably, the stock debuted strongly on October 7, rising 119% to an intraday high of RM0.79 and continued its momentum, reaching RM0.96 by October 17, representing a 167% gain from its IPO price of RM0.36. She highlighted that the company is among the few contractors qualified for high-voltage works, making it a direct proxy for Tenaga Nasional’s grid expansion and the ASEAN Power Grid.
Tan Sue Wen is currently ranked No.1 among 10 analysts at Apex Securities on StockTipRatings.com (data available since 2023), with a 90% expert rating, supported by a 49% average return, and a 73% success rate across the stocks she has covered over a 1-year period. She is also ranked No.1 among 17 analysts covering the energy sector.
Among the 5 stocks she covered over a 1-year period, her best performer was Southern Cable Group, delivering an average return of 132% across all Buy calls since November 2024.
Which 3 Stocks Is Tan Most Bullish On Right Now?
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