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

Excerpt from CGS International report.

Report Summary

• Nvidia and OpenAI have entered massive, multi-billion-dollar deals, including similar agreements with AMD and Oracle, to build AI infrastructure, raising concerns about circular transactions potentially inflating an AI bubble.
• Singapore REITs are expected to outperform due to interest cost savings, strong operating metrics, and accretive acquisitions, with sector top picks including CLAR, CICT, and LREIT; DDM-based target prices have been raised by 0-15%.
• InnoTek Ltd is recommended as a technical buy due to a confirmed V-shaped bottom rebound, strong bullish technical signals, and steady trading volume, with multiple target prices outlined for potential upside.

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