Broker Name: CGS International
Date of Report: September 1, 2025
Singapore Retail Trends: Sanli Environmental Ltd Leads Bullish Surge in September 2025

Market Overview: Strong Uptrend in Singapore Equities

The Singapore equity market demonstrated robust momentum at the close of August 2025, with the MSCI Singapore Free SGD Index (SIMSCI) reaching 444 points, representing a gain of 19.8 points or 4.5%. The research team maintains a bullish stance on the SIMSCI, projecting a target of 463.8 points, built on a forward P/E of 15.5x. This optimism is fueled by technical strength and healthy market sentiment, even as global macroeconomic signals—particularly from the US—suggest a more subdued labor market and potential interest rate cuts by the Federal Reserve.

Sanli Environmental Ltd: Technical Buy on a Sturdy Bullish Trend

Sanli Environmental Ltd, a key player in Singapore’s environmental engineering sector, is currently exhibiting a strong bullish trend according to technical indicators. The company specializes in the design, supply, installation, and maintenance of mechanical and electrical equipment for wastewater treatment plants, water reclamation systems, and pumping stations.

Technical Analysis Highlights

• Sanli Environmental’s share price remains steady along its uptrend line.
• Bullish breakout above minor resistance levels signals continued upside potential.
• Ichimoku analysis shows all five indicators sloping upward, reinforcing a strong bullish signal.
• MACD signals and lines are rising above zero, with a positive histogram.
• 23-period Rate of Change (ROC) is positive, showing momentum strength.
• Trading volume is expanding healthily, supporting price action.

Company Profile

Sanli Environmental Ltd is a Singapore-based environmental engineering firm providing comprehensive solutions for the water and wastewater treatment sector. Their services encompass the full lifecycle—from design and supply to installation and maintenance—of mechanical, electrical, instrumentation, and control systems.

Singapore Strategy: SIMSCI Update and Outlook

• The MSCI Singapore Free SGD index (SIMSCI) ended August 2025 at 444 points, up 19.8 points (4.5%) month-over-month.
• The research team maintains a SIMSCI target of 463.8 points, based on a forward P/E of 15.5x.

Global Macro Recap: US Labor Market and Fed Policy

Recent Bloomberg data indicates subdued hiring activity in the US during August, with only about 75,000 jobs added and the unemployment rate rising to 4.3%—near a four-year high. This marks four successive months with sub-100,000 payroll growth, the weakest stretch since the pandemic’s onset. The US Federal Reserve’s upcoming policy decisions, including the potential for an interest-rate cut, are under close scrutiny. Investors will be monitoring remarks from regional Fed presidents and the release of the Beige Book for further economic insights.

Investment Ratings and Analyst Coverage

The report employs a clear recommendation framework:

• Add: Expected total return exceeds 10% over the next 12 months.
• Hold: Expected total return between 0% and +10%.
• Reduce: Expected total return below 0% over the next 12 months.

Total expected return combines the percentage difference between the target price and current price plus the forward net dividend yield. The investment horizon for price targets is 12 months.

*Data as of quarter ended June 30, 2025; 561 companies under coverage

Jurisdictional Disclosures and Distribution Restrictions

The report details specific regulatory and distribution notes for each region, including Australia, Canada, China, France, Germany, Hong Kong, Indonesia, Ireland, Malaysia, New Zealand, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, UAE, UK, EEA, and the US. These disclosures clarify the intended audience and legal constraints for each market.

Key Takeaways for Investors

• Sanli Environmental Ltd stands out as a technically strong, bullish opportunity in Singapore’s market, supported by multi-indicator analysis and growing volume.
• The broader Singapore equity market is expected to maintain its upward trajectory, with a healthy forward P/E and robust performance in August.
• Global macroeconomic factors, particularly US labor market trends and Fed policy, may influence market sentiment and cross-border investment strategies.
• Investors are encouraged to evaluate their risk profiles and consult advisors when considering exposure to Singapore equities and Sanli Environmental Ltd.

Conclusion: Singapore’s Bullish Momentum and Sanli Environmental’s Upside Potential

CGS International’s September 2025 report underscores the resilience and growth prospects in Singapore’s equities, with Sanli Environmental Ltd poised for further upside based on solid technical indicators. The market’s positive momentum, combined with a cautious eye on global developments, presents a compelling landscape for investors seeking opportunity in Asia’s dynamic financial hub.