CGS International, April 1, 2026
Excerpt from CGS International report.
Report Summary
- Idea of the Day: MSCI Singapore Index (SIMSCI) is expected to consolidate with limited upside at 451–460 pts. A correction is likely, targeting the next major support at 419 pts in 1–2 months. Long-term target remains at 482 pts.
- SingTel Ltd (Technical Sell):
- Sell call initiated. Bearish momentum confirmed.
- Entry: 4.94, 5.11
- Target Price: 4.50, 4.20
- Stop Loss: 5.24
- Jardine Matheson Holdings Ltd (Technical Sell):
- Sell call initiated. Bearish reversal expected.
- Entry: 71.15, 76.64
- Target Price: 60.20, 49.80
- Stop Loss: 81.56
- Oiltek International Ltd (Technical Buy – Update):
- Buy on pullback recommended as bullish momentum builds.
- Entry: 1.16, 1.00
- Target Price: 1.72, 2.22
- Stop Loss: 0.80
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