Broker Name: CGS International
Date of Report: January 9, 2026

Excerpt from CGS International report.

Report Summary

• APAC Realty Ltd is highlighted as a technical buy after the end of a bullish corrective structure, supported by multiple technical indicators signaling further upside potential in the stock.
• Global defense stocks rallied following President Donald Trump’s call for a significant increase in US military spending, reflecting heightened geopolitical risks and expectations of prolonged US military involvement in various regions.
• The report reiterates an Overweight stance on China’s Internet Services sector, especially the music streaming segment, with NetEase Cloud Music named as the top pick despite recent share price corrections due to competitive concerns.

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