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Friday, July 31st, 2026

Singapore Retail Research March 2026: MSCI Index Outlook, Hongkong Land & SATS Technical Sell Signals Explained

Broker Name: CGS International

Date of Report: March 30, 2026

Excerpt from CGS International report.

Report Summary

  • Idea of the Day – MSCI Singapore Free Index (SIMSCI):
    • One more round of correction expected towards 422.00 pts before recovery.
    • Major uptrend remains intact with a near-term (1-2 months) target of 470.00 pts and a 6-month target of 482.00 pts.
    • Key support at 436.00 pts.
  • Hongkong Land Holdings Ltd
    • Action: Technical Sell
    • Entry Price: 7.85, 8.41
    • Target Price: 6.78 (TP1), 5.60 (TP2)
    • Stop Loss: 8.78
    • Key Insight: Failed bullish flag continuation; bearish momentum confirmed by several technical signals including death cross and negative MACD histogram. Rising wedge reversal pattern is close to confirmation.
  • SATS Ltd
    • Action: Technical Sell
    • Entry Price: 3.56, 3.64
    • Target Price: 3.20 (TP1), 2.98 (TP2)
    • Stop Loss: 3.96
    • Key Insight: Bearish three-wave correction likely with price below key technical indicators and rising selling pressure.

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/

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