Broker Name: CGS International
Date of Report: October 3, 2025
Excerpt from CGS International report.
- ST Engineering Ltd (STE) remains in a strong uptrend, with bullish technical indicators supporting further upside; key target prices are set up to S\$14.09.
- Keppel Ltd’s Bifrost subsea cable is now ready for service, strengthening Singapore’s position as a regional digital hub and expected to positively impact Keppel’s share price.
- The report contains technical analysis, company updates, and outlines the investment rating system used by CGS International, with 70.6% of covered stocks rated as “Add”.
Report Summary
- ST Engineering Ltd is experiencing a continued bullish trend, supported by positive technical signals and healthy trading volume, with multiple upside targets identified.
- Keppel Ltd’s Bifrost cable launch is a significant milestone, anticipated to boost both the company and Singapore’s status in digital infrastructure.
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.cgs-cimb.com/
