Broker: CGS International
Date of Report: July 24, 2026
Excerpt from CGS International report.
Report Summary
- Stock Focus: Hong Leong Asia Ltd
- Actionable Idea: Technical Buy – Bullish trend continuation likely
- Current Price: S\$2.85
- Entry Price(s): S\$2.85, S\$2.40
- Support Levels: S\$2.80, S\$2.37
- Stop Loss: S\$2.25
- Resistance Levels: S\$3.20, S\$4.00
- Target Prices:
- TP1: S\$3.35
- TP2: S\$3.88
- TP3: S\$4.00
- TP4: S\$5.00
- Technical Highlights: Hong Leong Asia has rebounded after a correction, forming an inverted head and shoulder pattern. Price closed above the 9-period and 26-period moving averages, with healthy volume expansion and an oversold Stochastic crossover, suggesting bullish momentum continuation.
Above is an excerpt from a report by CGS International. Clients of CGS International can access the full research report from the broker’s website: CGS International research website.
