Broker Name: CGS International
Date of Report: May 21, 2026

Excerpt from CGS International report

Report Summary

• Idea of the Day: The MSCI Singapore Free index (SIMSCI) is showing a strong re-accumulative stage, with potential to break above 460. Immediate support is at 436, with upside targets at 482 and 510.
• Singapore Technologies Engineering Ltd
  Action: Technical Buy
  Entry Price(s): 11.06, 10.70, 10.36
  Stop Loss: 9.50
  Target Prices: 12.80, 14.09, 16.00, 16.90
  Highlights: Major uptrend intact, bullish continuation expected, bear trap forming at 10.51 invalidates head and shoulder pattern.
• Frencken Group Ltd
  Action: Technical Buy
  Entry Price(s): 3.05, 2.90, 2.72
  Stop Loss: 2.34
  Target Prices: 3.65, 4.00, 5.10, 6.30
  Highlights: Strong bullish trend, confirmed rebound at 2.40 support, healthy volume expansion.
• PC Partner Group Ltd
  Action: Technical Buy
  Entry Price(s): 1.92, 1.77, 1.66
  Stop Loss: 1.44
  Target Prices: 2.46, 2.80, 3.12, 3.60
  Highlights: Bullish impulse wave starting, strong buying pressure at 1.77 support, volume spikes on rebound.

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