Broker: CGS International
Date of Report: April 1, 2026
Excerpt from CGS International report.
Report Summary
- Idea of the Day: MSCI Singapore Free Index (SIMSCI) is expected to see limited upside at 451-460, with a likely correction to 419 before a rebound. Long-term 6-month target remains 482.
- SingTel Ltd – Technical Sell
- Action: Sell on bearish signals.
- Target Price: 4.50 (TP1), 4.20 (TP2)
- Entry Price: 4.94, 5.11
- Stop Loss: 5.24
- Key Idea: Momentum has turned bearish; multiple technical indicators confirm downside risk.
- Jardine Matheson Holdings Ltd – Technical Sell
- Action: Sell on confirmed bearish trend.
- Target Price: 60.20 (TP1), 49.80 (TP2)
- Entry Price: 71.15, 76.64
- Stop Loss: 81.56
- Key Idea: Bearish momentum gaining traction after breaking below wedge; multiple technical signals support downside.
- Oiltek International Ltd – Technical Buy (Update)
- Action: Buy on pullback at 1.16 or 1.00.
- Target Price: 1.72 (TP1), 2.22 (TP2)
- Entry Price: 1.16, 1.00
- Stop Loss: 0.80
- Key Idea: Strong bullish signals, price has broken out of falling wedge; momentum and volume support further upside.
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
