Broker Name: CGS International

Date of Report: January 26, 2026

Excerpt from CGS International report.

Report Summary

• The MSCI Singapore Free Index has rebounded strongly, breaking out of a flag formation, driven mainly by robust performance in Singapore’s three major banks: DBS, UOB, and OCBC.
• CGS International maintains a technical buy view on DBS, UOB, and OCBC, recommending investors buy on short-term pullbacks given intact uptrends, strong bullish signals from technical indicators (Ichimoku, MACD, Stochastic), and healthy volume expansion.
• Target prices for DBS, UOB, and OCBC are significantly higher than current levels, reflecting continued optimism but also cautioning that corrections, if any, should be mild due to the parabolic nature of recent price moves.
• The report includes standard disclaimers and clarifies that investment advice is general and not tailored to individual circumstances.

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