CGS International, May 20, 2026
Excerpt from CGS International report.
Report Summary
- Idea of the Day: MSCI Singapore Free Index (SIMSCI) shows strong momentum, likely to break above 460, with upside targets at 482.00 and 510.00. Immediate support at 436.00.
- City Developments Ltd (CIT): Technical BUY. Entry at 8.22 or 7.90. Target prices: 9.80, 11.00, 12.40, 15.00. Strong uptrend, bullish reversal signals, volume sturdy. Key supports at 8.05 and 7.54. Stop loss: 7.50.
- SingTel Ltd: Technical BUY. Entry at 4.98, 4.70, 4.52. Target prices: 5.45, 6.30, 6.90, 7.10. Overhead resistance broken, bullish momentum confirmed. Supports at 4.87 and 4.45. Stop loss: 4.30.
- Singapore Airlines Ltd: Technical BUY. Entry at 6.54, 6.45, 6.38. Target prices: 7.00, 7.27, 8.12, 8.60. Strong bottom rebound, bullish breakout. Supports at 6.44 and 6.23. Stop loss: 6.10.
Actionable Calls: BUY calls issued for City Developments Ltd, SingTel Ltd, and Singapore Airlines Ltd with clear entry levels and multiple target prices. Investors should focus on these stocks for potential upside.
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
