Broker Name: CGS International
Date of Report: February 24, 2026
Excerpt from CGS International report.
- Global Market Sentiment: Markets faced renewed anxiety due to concerns about artificial intelligence disrupting company profits and ongoing tariff uncertainty. Stocks fell, bonds rose, and investors shifted away from risk assets.
- US Tariff Changes: The White House announced a new 15% tariff on US imports, replacing previous “reciprocal” tariffs, which is expected to remain a market concern but with less volatility than before.
- Interest Rate Outlook: The next US Federal Reserve rate cut is now fully priced in for September, pending upcoming jobs data.
- Singapore Economic Update: Singapore’s core inflation eased to 1.0% year-on-year in January 2026, below expectations; the forecast for 2026 CPI is maintained at 1.5% on the back of higher domestic costs.
- Technical Buy – Tai Sin Electric Ltd: The stock broke above overhead resistance and technical indicators signal a bullish trend. Target prices range from S\$0.74 up to S\$1.20, with support levels at S\$0.53 and S\$0.47, and stop loss at S\$0.45.
- Technical Analysis Summary: Major uptrend intact, bullish crossover signals, strong volume, and momentum indicators point to further upside for Tai Sin Electric Ltd.
- Disclaimers & Disclosures: The report contains standard disclaimers about investment risks, distribution restrictions, and conflict of interest policies for various jurisdictions.
Report Summary
- Global markets are impacted by AI disruption fears and tariff changes; US rates are on hold until September pending data.
- Singapore inflation remains contained; Tai Sin Electric Ltd is rated a technical buy with bullish signals and upside potential.
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
