CGN.SI Best World (SES) volume spike 2.89M Closed 16 Jan 2026: watch S$2.49
CGN.SI stock registered a large intraday volume spike of 2,888,500.00 shares on 16 Jan 2026, Market Closed with the price at S$2.49. The surge lifted volume to 8.83x the average, signalling heavier-than-normal trade in Best World International Limited on the Singapore Exchange. Traders pushed the day high to S$2.56 before the close. We examine whether this volume spike reflects renewed retail interest, fundamental support, or short-term technical rotation.
Volume spike details for CGN.SI stock
Volume today reached 2,888,500.00 versus an average of 327,267.00 shares. The relative volume of 8.83 indicates outsized participation. This single datapoint supports the volume spike strategy signal and invites close monitoring for follow-through in the next sessions.
Price action and intraday metrics for CGN.SI stock
Best World International closed at S$2.49 after opening at S$2.54 and hitting a high of S$2.56. Year range sits between S$1.59 and S$2.56. Short-term momentum is mixed, with the 50-day average at S$2.51 and the 200-day average at S$2.15.
Fundamentals and valuation for CGN.SI stock
The company posts EPS S$0.28 and a trailing PE of 8.89. Market cap stands at S$1,065,508,370.00 with a strong current ratio of 3.07. Price-to-book is 1.82, and free cash flow yield is 10.54%, supporting a value-oriented view from fundamentals.
Technical view and Meyka AI grade for CGN.SI stock
Momentum tests the S$2.49 level as near-term support. The day saw buying followed by profit-taking near S$2.56. Meyka AI rates CGN.SI with a score out of 100: 69.79 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and not financial advice.
Sector context and risk factors for CGN.SI stock
Best World sits in the Consumer Defensive sector, which shows year-to-date strength. The sector average PE is 10.73, making CGN.SI’s PE of 8.89 relatively cheaper. Key risks include inventory turnover of 1.71 and a long cash conversion cycle near 195.49 days, which can pressure working capital during demand shifts.
Trading outlook and CGN.SI stock forecast
Meyka AI’s forecast model projects S$3.33 in one year, implying +33.87% from the current S$2.49. Short-term traders should watch S$2.49 support and the S$2.56 resistance level. For broader market context, follow ETF flows and small-cap volume trends source and miner flows source. Meyka AI provides this model-based view as an AI-powered market analysis platform.
Final Thoughts
The volume spike in CGN.SI stock on 16 Jan 2026 is meaningful because daily turnover surged to 2,888,500.00 shares. That surge pushed price testing at S$2.49, a level traders should monitor for support. From fundamentals, Best World shows a low trailing PE of 8.89 and a healthy current ratio of 3.07, which backs a conservative buy-hold thesis for long-term investors who prioritise balance-sheet strength. Meyka AI’s forecast model projects S$3.33 in one year, implying +33.87% upside versus the current S$2.49 price. We present a balanced price target range: a cautious downside support at S$2.00 and a bullish target at S$3.50 if volume sustains and margins hold. Forecasts are model-based projections and not guarantees. Traders should weigh sector dynamics and inventory risks before acting.
FAQs
Why did CGN.SI stock spike in volume today?
CGN.SI stock spiked to 2,888,500.00 shares as retail and institutional orders increased. High relative volume of 8.83 suggests news or technical triggers. Confirm with subsequent sessions for trend confirmation.
Is CGN.SI stock a value buy today?
On metrics, CGN.SI stock trades at PE 8.89 and PB 1.82, indicating value relative to sector averages. Investors should check cash flow and inventory cycles before deciding.
What is Meyka AI’s forecast for CGN.SI stock?
Meyka AI’s forecast model projects S$3.33 in one year for CGN.SI stock, implying +33.87% upside from S$2.49. Forecasts are model-based projections and not guarantees.
What key levels should traders watch for CGN.SI stock?
Monitor S$2.49 as near-term support and S$2.56 as resistance. A break below S$2.00 would suggest downside risk to the bearish target range.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
