CGS International, March 31, 2026
Excerpt from CGS International report.
Report Summary
- MSCI Singapore Index (SIMSCI) Target: Maintained at 480 pts based on 20x forward P/E. Current level: 439.56 pts.
- Technical View: Index failed to break resistance at 470 pts; correction expected to test support at 419 pts in the next 1-2 months, rebound likely. Long-term 6-month target: 482 pts.
- Top Picks (Big-cap): BAL, FR, IFAST, KIT, SATS, SCI, SIE, STE, SSG, YZJSGD.
- Top Picks (Small-cap): CAO, CSE, FEH, NCL, SOIL.
- Best Performing Sectors: Consumer Staples, Utilities, Financials.
- Actionable Insight: Maintain long-term BUY call on SIMSCI and selected sector leaders. Focus on palm oil (WIL, BAL), defence (STE), energy (SCI).
- Notable Corporate Actions: CLAR’s S\$1.4bn acquisitions, HKL’s stake in SUN, QNM’s purchase of Australian dental group.
- Top Gainers: AEM Holdings (+43.79%), Bumitama Agri (+39.39%), Geo Energy Resources (+24.10%).
- Top Losers: Sea Ltd (-27.79%), Grab Holdings (-16.35%), CapitaLand Investment (-11.11%).
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
