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Saturday, August 1st, 2026

Singapore Trendspotter June 2026: Bullish Outlook for SIMSCI, CNMC Goldmine, and UMS Integration – Technical Buy Analysis & Targets 1

Broker Name: CGS International
Date of Report: June 16, 2026

Excerpt from CGS International report.

Report Summary

  • Idea of the Day: The MSCI Singapore Free Index (SIMSCI) is retesting the 460.00 level with a higher low, indicating potential for a move towards 468.00 and possibly higher if 472.00 breaks. Investors should monitor a breakout above 472.00 for a larger rally.
  • CNMC Goldmine Holdings Ltd
    Action: Technical Buy
    Entry Price(s): 1.30, 1.15, 1.10
    Target Price(s): 1.65, 1.88, 2.09, 2.42
    Stop Loss: 0.96
    Highlights: The major uptrend is intact, with a bullish break above the falling wedge and strong volume. Bullish indicators include a positive reversal signal on the ichimoku, oversold crossover on the stochastic oscillator, and volume expansion. This suggests further upside momentum.
  • UMS Integration Ltd
    Action: Technical Buy
    Entry Price(s): 2.78, 2.55, 2.35
    Target Price(s): 3.32, 3.70, 4.00, 4.50
    Stop Loss: 2.20
    Highlights: The uptrend remains intact after a bullish break above the falling wedge. Technical signals are positive (ichimoku uptrend, MACD above zero, ROC bullish, volume expansion), supporting the likelihood of continued 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/

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