Broker: CGS International
Date of Report: April 30, 2026

Excerpt from CGS International report.

Report Summary

• Idea of the Day: The MSCI Singapore Free index (SIMSCI) has strongly rejected 460.00 pts, confirming a market correction. Next support levels are 436.00 and potentially 420.00 pts. However, the downside is expected to be short-lived and the long-term uptrend remains intact with a target of 482.00 pts.
• Civmec Ltd
  Action: Technical Buy
  Entry: 1.42, 1.30
  Target Prices: 1.70, 2.00, 2.40, 3.00
  Stop Loss: 1.18
  Highlights: Strong bullish reversal expected, major uptrend channel remains intact, bullish breakout confirmed by technical indicators (Ichimoku, MACD, Stochastic, ROC, DMI, and volume).
• Raffles Education Ltd
  Action: Technical Buy
  Entry: 0.145, 0.110, 0.100
  Target Prices: 0.170, 0.230, 0.340, 0.430
  Stop Loss: 0.090
  Highlights: Strong bullish continuation expected, early uptrend phase, bullish breakout above falling wedge, positive signals across key technical indicators.

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/en