Broker Name: CGS International
Date of Report: January 23, 2026
Excerpt from CGS International report.
- Singapore’s MSCI Index: The MSCI Singapore Free Index is showing mild corrective downside at 460.00, but weak selling pressure signals an upcoming bullish move, with 447.00 as the key support and a potential rally towards 489.00 if support holds.
- Sector Focus: Tech/Electronics sector remains strong, with notable early gains in stocks like AEM, Frencken, Valuetronics, and PC Partner. UMS is being added as the latest pick in this sector.
- Wilmar International: Technical buy recommendation as the stock breaks out of a falling wedge, sustains above S\$3.00, and shows multiple bullish technical indicators, with targets up to S\$4.40.
- MoneyMax Financial Services: Another technical buy, with a major uptrend intact and strong bullish momentum, targeting prices up to S\$1.18.
- Technical Indicators: Both Wilmar and MoneyMax are highlighted by bullish signals across Ichimoku, MACD, Stochastic Oscillator, Rate of Change, Directional Movement Index, and volume expansion.
- General Disclaimer: The report emphasizes the confidential nature of its content and the need for readers to consult their own advisors before making investment decisions. The research is general in nature and not tailored to specific individual circumstances.
Report Summary
- The Singapore market, especially the Tech/Electronics sector, is seen as bullish with several technical buy calls, while key stocks like Wilmar and MoneyMax are showing strong technical uptrends and momentum.
- The report urges investors to note that all content is for general informational purposes and stresses the importance of seeking independent advice.
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
