Broker Name: CGS International
Date of Report: February 24, 2026
Date of Report: February 24, 2026
Excerpt from CGS International report.
Report Summary:
- Olam Group Ltd is highlighted as a technical buy with a bottom reversal pattern, showing strong technical signals for a bullish uptrend. Key entry prices are 0.965, 0.935, and 0.900, with multiple target prices up to 1.90.
- Singapore’s core inflation eased to 1.0% year-on-year in January 2026, coming in below market expectations, while headline inflation was at 1.4%. The broker maintains a 2026 CPI forecast of 1.5% due to domestic cost adjustments.
- Global markets faced volatility from AI-driven disruption fears and new US tariffs, while the next US Federal Reserve rate cut is anticipated for September.
- Technical indicators for Olam Group Ltd (e.g., bullish cup and handle pattern, Ichimoku, MACD, Stochastic Oscillator, and healthy volume) support the positive outlook.
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
