Broker Name: CGS International Securities
Date of Report: February 27, 2026

Excerpt from CGS International Securities report.

Report Summary
• The MSCI Singapore Free SGD Index (SIMSCI) rose slightly in February 2026, supported by strong electronics exports and slowing core inflation.
• FY25 earnings season saw a high positive-to-negative surprise ratio (6x), with REITs, Property, and Capital Goods sectors outperforming.
• Institutional investors were net sellers, mainly withdrawing from Financials and REITs, while retail investors were net buyers.
• The index is approaching the near-term target of 470 pts, with bullish technical signals and strong support at 450 pts.
• Top sector performers included Capital Goods, Retailing, and Transportation, while Financials and Services lagged.
• Major corporate transactions included CLAS acquiring rental properties in Tokyo and OUEREIT purchasing a stake in Salesforce Tower, Sydney.

Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com