Broker Name: CGS International
Date of Report: August 7, 2025
Excerpt from CGS International report.
Report Summary
- Global equity markets remain resilient despite a 30% probability of a US recession, as investors focus on strong liquidity, robust corporate earnings, and growth themes like AI, with expectations of significant Fed rate cuts by mid-2026.
- Yangzijiang Shipbuilding Holdings Ltd (YZJSB) is highlighted as a technical buy, with recent bullish reversals confirmed and strong price momentum supported by positive technical indicators such as Ichimoku, MACD, and volume expansion; target prices range up to 4.20 SGD.
- Venture Corporation reported 1H25 earnings above/in line with expectations, maintained its interim dividend, and is seen as defending its net margin despite ongoing uncertainties, leading to an upgraded rating and higher earnings outlook for FY25-27F.
- The report includes extensive disclaimers and regulatory notices for distribution across various jurisdictions, emphasizing the confidential and general nature of the research for institutional and wholesale clients.
- Stock ratings are defined as Add, Hold, or Reduce based on expected returns, with sector and country ratings also outlined for investment positioning.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgsi.com.sg
