Broker: CGS International
Date of Report: February 5, 2026

Excerpt from CGS International report.

Report Summary

• Singapore Airlines Ltd (SIA) is in a strong uptrend, with technical indicators signaling a bullish continuation and potential to break resistance levels and target higher prices.
• SingTel has reinforced its growth strategy by acquiring a 25% stake in STT-GDC, leading analysts to raise profit estimates and the target price for SingTel, as the acquisition is seen as a long-term earnings growth driver.
• The broader market is experiencing a rotation out of tech stocks into value and growth-oriented sectors, reflecting strengthening economic fundamentals and a broadening market rally.

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