Broker Name: CGS International
Date of Report: June 16, 2026
Excerpt from CGS International report.
Report Summary
- Idea of the Day: The MSCI Singapore Free Index (SIMSCI) is retesting the 460.00 level with a higher low, indicating potential for a move towards 468.00 and possibly higher if 472.00 breaks. Investors should monitor a breakout above 472.00 for a larger rally.
- CNMC Goldmine Holdings Ltd
Action: Technical Buy
Entry Price(s): 1.30, 1.15, 1.10
Target Price(s): 1.65, 1.88, 2.09, 2.42
Stop Loss: 0.96
Highlights: The major uptrend is intact, with a bullish break above the falling wedge and strong volume. Bullish indicators include a positive reversal signal on the ichimoku, oversold crossover on the stochastic oscillator, and volume expansion. This suggests further upside momentum. - UMS Integration Ltd
Action: Technical Buy
Entry Price(s): 2.78, 2.55, 2.35
Target Price(s): 3.32, 3.70, 4.00, 4.50
Stop Loss: 2.20
Highlights: The uptrend remains intact after a bullish break above the falling wedge. Technical signals are positive (ichimoku uptrend, MACD above zero, ROC bullish, volume expansion), supporting the likelihood of continued 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/
