Broker Name: CGS International
Date of Report: November 6, 2025

Excerpt from CGS International report.

Report Summary

• China Aviation Oil Singapore Corp Ltd is in a strong bullish trend, with technical indicators (uptrend channel, Ichimoku, MACD, Stochastic, ROC, DMI, and expanding volume) supporting further upside. The report identifies key entry points, support/resistance levels, and target prices, highlighting technical buy signals for the stock.
• Netlink NBN Trust reported steady growth in its distributable income, supported by diversified revenue streams. The stock is recommended for its defensive yield and irreplaceable assets, with a target price upgrade on lower risk-free rate assumptions.
• The US job market shows modest hiring gains, with payrolls increasing after prior declines. Recent large company layoffs have raised some market anxiety, but overall labor demand remains balanced.
• The report covers extensive standard disclaimers and details on regulatory compliance across jurisdictions, emphasizing the importance of independent investment evaluation and noting the distribution restrictions for various regions.
• CGS International’s rating definitions and sector/country weightings are explained, along with disclosures about analyst compensation and potential conflicts of interest.

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/