Broker: CGS International
Date of Report: October 8, 2025

Excerpt from CGS International report.

Report Summary

• DBS Group Holdings Ltd shares have reached an all-time high and technical indicators suggest the uptrend is likely to continue. The report recommends a technical buy, with multiple target prices up to S\$89.63, citing strong bullish momentum, positive technical signals (Ichimoku, MACD, Stochastic Oscillator), and healthy trading volume.
• Global market news includes a political crisis in France causing volatility in European markets and a legal dispute affecting Malaysia’s oil & gas sector, but the research focus remains on Singapore’s DBS as a standout performer with robust upward momentum and potential for further gains.

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/