Broker Name: CGS International
Date of Report: October 9, 2025
Excerpt from CGS International report.
- Report Summary
- Gold prices have surged past \$4,000 an ounce, driven by economic uncertainties, geopolitical tensions, and strong demand from central banks and investors. The rally is attributed to both risk aversion and portfolio reallocation, with ETFs seeing significant inflows and investors seeking safe havens as US fiscal stability concerns grow.
- Boustead Singapore Ltd is in a confirmed uptrend, supported by strong technical indicators such as bullish momentum, increasing volume, and positive trend signals. The technical outlook suggests further price appreciation, with several target prices identified above current levels.
- Wilmar International’s recent share price decline is believed to have largely priced in its legal issues. Channel checks suggest potential for improved profitability, particularly in China, and the outlook is upgraded to “Add” with a higher target price, as investors are encouraged to look beyond short-term legal setbacks to normalized future earnings.
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
