Post-Singapore market’s 3QFY2024 results, CGSI projects 5.6% and 6.8% higher core net profit growth for FY2024 and FY2025 respectively. This is lifted by financials, capital goods, telcos, consumer and internet services sectors.
CGS International (CGSI) has raised its MSCI Singapore target to 409.3 points for end-2025, pegged to the analysts’ 12-month target price for its component stocks.
This translates to 15 times 2025 P/E. The Singapore market is currently trading at 13.6 times 2025 P/E and offers a 4.1% dividend yield.
