Broker: CGS International
Date of Report: November 25, 2025

Excerpt from CGS International report.

Report Summary:

• Hong Fok Corp Ltd is highlighted as a technical buy, with a recent formation of an inverted head and shoulders pattern, signaling a potential uptrend continuation. The report notes the stock has already delivered over 10% gains, supported by bullish technical indicators and a breakout with strong volume.
• Singapore’s core and headline inflation rates have risen more than expected, driven by increased healthcare and car costs, leading to a forecasted inflation uptick in 2026. The report also discusses Alibaba’s Qwen AI app’s rapid growth in China, positioning it as a significant competitor in the AI space.

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.cgsi.com.sg