Broker Name: CGS International
Date of Report: March 30, 2026
Excerpt from CGS International report.
Report Summary
- Idea of the Day – MSCI Singapore Free Index (SIMSCI):
- One more round of correction expected towards 422.00 pts before recovery.
- Major uptrend remains intact with a near-term (1-2 months) target of 470.00 pts and a 6-month target of 482.00 pts.
- Key support at 436.00 pts.
- Hongkong Land Holdings Ltd
- Action: Technical Sell
- Entry Price: 7.85, 8.41
- Target Price: 6.78 (TP1), 5.60 (TP2)
- Stop Loss: 8.78
- Key Insight: Failed bullish flag continuation; bearish momentum confirmed by several technical signals including death cross and negative MACD histogram. Rising wedge reversal pattern is close to confirmation.
- SATS Ltd
- Action: Technical Sell
- Entry Price: 3.56, 3.64
- Target Price: 3.20 (TP1), 2.98 (TP2)
- Stop Loss: 3.96
- Key Insight: Bearish three-wave correction likely with price below key technical indicators and rising selling pressure.
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/