Broker Name: CGS International
Date of Report: January 19, 2026
Excerpt from CGS International report.
- Figtree Holdings Ltd: The stock has confirmed a bottoming reversal, with technical signals pointing to a likely uptrend. Multiple indicators such as a breakout from a falling wedge, bullish Ichimoku crossovers, positive MACD and ROC, and rising volume reinforce the bullish outlook.
- DBS Group: 4Q25F net profit is estimated at S\$2.58bn, up 2.1% year-on-year but down 12.8% quarter-on-quarter. Despite potential credit cost increases, management overlays provide some buffer. The stock is downgraded to Hold, with a target price of S\$60.50 and a forecasted yield of 5.6% for FY26F.
- Macro Update – Japan: The Bank of Japan is expected to keep rates unchanged at its next meeting, but further rate hikes are anticipated due to persistent inflation and yen weakness. Market participants are closely watching BOJ communication for future policy direction.
- Disclosures & Disclaimers: The report includes detailed regulatory and conflict of interest disclosures, and clarifies that the information is for general informational purposes, not specific investment advice.
Report Summary
- Figtree Holdings Ltd shows strong technical signals for a bullish reversal.
- DBS Group’s profit outlook is stable, but near-term performance is weighed by seasonality; the stock is downgraded to Hold with a stable yield outlook.
- Bank of Japan’s cautious stance on rates is notable amid persistent inflation and yen volatility.
- The report is intended for professional and institutional investors, with standard regulatory disclaimers.
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
