Broker: CGS International
Date of Report: May 20, 2026

Excerpt from CGS International report.

Report Summary

• Idea of the Day: MSCI Singapore Free index (SIMSCI) is showing strong momentum, may break 460, with upside targets at 482 and 510. Immediate support at 436, bullish outlook.
• City Developments Ltd – Technical Buy:
  • Entry: 8.22, 7.90
  • Target prices: 9.80, 11.00, 12.40, 15.00
  • Stop Loss: 7.50
  • Key highlight: Bear trap and reversal likely, major uptrend intact.
• SingTel Ltd – Technical Buy:
  • Entry: 4.98, 4.70, 4.52
  • Target prices: 5.45, 6.30, 6.90, 7.10
  • Stop Loss: 4.30
  • Key highlight: Bullish continuation confirmed, strong reversal to upside.
• Singapore Airlines Ltd – Technical Buy:
  • Entry: 6.54, 6.45, 6.38
  • Target prices: 7.00, 7.27, 8.12, 8.60
  • Stop Loss: 6.10
  • Key highlight: Strong bottom rebound, bullish breakout confirmed.

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