Excerpt from CGS International report.

Report Summary
• The Singapore equity market, led by the three major banks (DBS, UOB, OCBC), is undergoing a strong bullish rally, with technical indicators supporting an ongoing uptrend. While prices have turned parabolic, any correction is expected to be mild.
• CGS International recommends a technical buy on short-term pullbacks for DBS, UOB, and OCBC, with each bank showing robust technical strength, positive momentum in indicators like MACD, Ichimoku, and healthy volume expansion.
• Key target prices are set significantly above current levels for each bank, reflecting confidence in further upside, but investors are advised to monitor for overbought signals and consider long-term positioning.
• The report reiterates the need for investors to evaluate their own financial situation and objectives and consult professional advisers before taking action, as past performance is not a reliable indicator of future results.

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