𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *10/12/25*

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Gentle reminder: I will be on leave starting tomorrow till Xmas. I hereby wish everyone Merry Xmas in advance.🙂

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STI: 4513 (+6) | HSI: 25434 (-331) | Dow: 47460 (-178) | S&P:6840 (-6) | Nasdaq: 23576 (+30)

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*The calm before the cut*

After a bright start, Wall Street drifted lower last night as everyone basically parked themselves on the sidelines waiting for the Fed. The S&P slipped a touch while the central bank kicked off its meeting, with traders betting nearly 90% on a rate cut. The twist is that officials have been hinting they are not exactly thrilled about delivering a third cut since September without fresh data, thanks to the record shutdown. Hence the new buzz phrase, the hawkish cut, a rate trim with a raised eyebrow.

Tuesday’s data did not change much. Private payrolls nudged higher and job openings barely moved, which gives the Fed cover to keep expectations for 2025 cuts on a short leash. The bigger jobs picture arrives December 16, since October’s unemployment rate has effectively vanished into the shutdown void.

Overall, it was a classic pre Fed session. Low conviction, mild dips and everyone waiting to see just how dovish, or not so dovish, this cut will look when the curtain finally lifts.

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*Stock watch today!*

Astonishing! Simply astonishing! While the whole SG market is meh with biases to the downside, *MarcoPolo Marine*, just kept going on, refreshing its 8-year high to $0.15_. Already exceeded expectations. Also in the shipping/marine sector, *Samudera Shipping* kept testing the resistance of $0.990. While it has not convincingly broken out, the constant “poking” at that resistance may suggest buy strength. That said, do note that both stocks are quite high already. Just highlighting here to keep everyone updated with the movers.

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Sit up, everyone! The *first quarterly review for the iEdge SG Next 50 index* is out. Congrats to *Golden Agri, YZJ Maritime, Centurion Accommodation REIT* for inclusion with effect from 22 Dec. Probably not so good news from *Nanofilm, Samudera, Aztech Global* as they are excluded with effect from the same date.

That said, I don’t expect too much impact at this juncture though. After all, it is a newly minted index and I am not sure how many funds, if any, are tracking the index as of now. We shall see.

https://links.sgx.com/1.0.0/corporate-announcements/0YWGF1M3NC16X7U9/869341_20251209%20iEdge%20Singapore%20Next%2050%20Indices%20Quarterly%20Review.pdf

— *Lippo Malls Indonesia Retail Trust* proposes rights issue of 9,005,267,676 new units to raise $63 million

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*Happening Today*

SG XD:

— Medinex: SGD 0.0084

CN:

⭐ — CPI / PPI

EU:

— ECB President Lagarde Speaks

US:

⭐ —- FOMC rate decision & press conference / Crude Oil Inventory

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*US Stock News*

— President Donald Trump stated, via a Truth Social post, that he will allow *Nvidia* to sell its H200 AI chips to approved customers in China and other countries, albeit with a 25% tariff and with restrictions to ensure U.S. national security.

— *Warner Bros Discovery* has another suitor, as just days after streaming titan *Netflix* was named the winner of a bidding war for the studio, *Paramount Skydance* said it had launched a hostile bid worth $108.4 billion.

— Energy stocks,were in the ascendency, led by *Exxon Mobil Corp* after the latter upgraded its earnings and cash flow outlook for the period spanning between 2024 and 2030.

— *AutoZone* slumped 7% after reporting quarterly results that missed analyst estimates.

— *Toll Brothers* came under pressure following a 3Q earnings miss.

*After-hours movers:*

— *GE Vernova* rose after lifting guidance, doubling its dividend and raising its stock buyback program. It now anticipates $52B of revenue and 20% adjusted EBITDA margin by 2028.

— *AeroVironment* fell after its quarter EPS missed estimates. AeroVironment reported Q2 EPS of $0.44, $0.35 worse than the analyst estimate of $0.79.

— *GameStop* fell after disappointing results. GameStop reported Q3 EPS of $0.13, $0.05 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $821 million versus the consensus estimate of $893.64 million

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*SG Stock news*

— *Duty Free International* announced that its subsidiary and Chin Hin Property agreed to extend the deadline to satisfy conditions for their Johor Bahru joint development agreement by six months to 9 June 2026, with all other terms unchanged.

— *Acrophyte Hospitality Trust* is selling its 127 room Hyatt Place Detroit Livonia hotel to NJA Management Group for US$10 million in cash, a price set about 3% below its independent valuation.

— *Federal International (2000) Ltd* entered into a binding term sheet to sell its 30% stake in PT Gunanusa Utama Fabricators and settle US$13.26M owed by PTG, after which it will no longer be a shareholder.

— *CFM Holdings* announced the completion of its sale of the LINK@AMK property in Singapore on 8 December 2025.

— *SDAI* Signs MoU with Hubei Qiai to Expand into the Mugwort Business

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Start your investment journey here:

https://tinyurl.com/gotopoems

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Cheers!

Dan

Disclaimer: https://tinyurl.com/dan-disclaimer

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#dailyupdate #tradeSGX #poems #danccs

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *9/12/25*

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Heads-up: I will be on leave from 11-23 Dec (starting this Thursday), and will not return until 24 Dec. I hereby wish everyone Merry Xmas in advance.🙂

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STI: 4507 (-25) | HSI: 25796 (-319) | Dow: 47739 (-215) | S&P:6846 (-23) | Nasdaq: 23545 (-32)

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*Fed Ahead, Markets in Bed*

The market tiptoed into the week, with the S&P 500 slipping as everyone waited for the Fed to make its next move. After two straight winning weeks, traders were not in the mood to push their luck, especially with a rate cut almost baked in. Softer core PCE, cooling jobs data, and consumers acting a bit fragile have basically handed the Fed a note that reads please support us.

There was not much fresh data Monday, so the focus stayed on what the Fed will actually signal. Futures are pricing close to a 90% chance of a cut, but the real intrigue sits in the Fed’s tone and the updated forecasts for 2026. As ING put it, even a hint of a second cut down the line would be as dovish as it gets, but the Fed is unlikely to go that far.

Beyond the macro suspense, corporate earnings are lining up to keep things lively, with Lululemon, Costco, Broadcom, Oracle, and Adobe all stepping onto the stage. And on the M&A front, the Netflix-Warner Bros saga added another twist as Paramount Skydance jumped in with its own bid for the latter.

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*Stock watch today!*

Moving into the holiday season, SG market was understandably in a “lighter” mood, with investors not keen to gain too much exposure with the FOMC meeting this week. A 0.25% rate cut is already priced in the market. And if there is any unforeseen circumstance (冬瓜豆腐), market would be quick to react adversely. I guess that sort of explains the meh market activity yesterday. The only stock I keen to highlight is *Samudera Shipping*. I had mentioned last week briefly in my daily updates, and for some, I have also shared a trading idea on it, with a $0.990 target hit. Now the question is, will it embark on a breakout or would it hit the resistance and pull back?

For med-long term investors who still prefer blue chips, *ST Engg* and *Sembcorp* present good opportunities as they had dropped quite a lot recently. But near term pressure may still persist, at least on the chart. Med-long term, especially for those who are on an accumulation strategy, these two shouldn’t be a problem though.

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*SGX Research Vault*

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*Institutional Flows & Share Buybacks: Stake Additions by Q&M Dental, Frencken, Zhongmin Baihui Retail, and Accrelist directors*

https://www.sgx.com/research-education/market-updates/20251208-stake-additions-qm-dental-frencken-zhongmin-baihui

*REIT Watch - S-REITs set for best year since 2019 with 14.7% total returns in 2025 YTD*

https://www.sgx.com/research-education/market-updates/20251208-reit-watch-s-reits-set-best-year-2019-147-total-returns

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*Happening Today*

SG XD:

— GP Industries: SGD 0.0175

US:

— ADP Employment Change Weekly / JOLTS Job Openings (Oct)

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*US Stock News*

— *Microsoft* was in discussions about switching the design of its custom chips to *Broadcom* from *Marvell Technology*, according to information. This is just ahead of Broadcom earning release

— ⭐️ S&P Global said *Carvana , CRH PLC and Comfort Systems* will join the S&P 500 index on Dec. 22, a change that typically sparks repositioning among index-tracking funds.

— *IBM* announced Monday that it will acquire *Confluent* for $31 per share in cash, representing an enterprise value of $11 billion.

— *Paramount* launched a rival bid for *Warner Bros*. The move from Paramount comes on the heels of President Donald Trump wining that a Netflix-Warner Bros tie up "could be a problem," sparking concerns about regulatory approval headwinds. The president, however, weighed in further on the topic on Monday, saying he would have to see "what percentage of market [share]" Netflix or Paramount Skydance have to evaluate whether a merger would pose antitrust issues.

*After-hours movers:*

— *NVIDIA* rose 2.3% after Trump announced in a tweet that he approved shipments of H200 chips to cleared customers in China. *AMD*, also mentioned in the tweet, rose 2%.
— *Toll Brothers* fell 4% after it published mixed quarterly results and guidance. Home sales revenues were $3.41 billion compared to $3.26 billion in FY 2024’s fourth quarter.

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*SG Stock news*

— *Addvalue* secures US$4.8 mil worth of new orders for its ADR-related business

— *MetaOptics* will unveil five new proprietary metalens-powered consumer electronics at CES 2026 from January 6-9, 2026, in Las Vegas, Nevada.

— *SingPost* will raise domestic mail rates by ten cents from 1 January 2026 to help fund service upgrades and manage rising costs while continuing its push toward a more modern, tech driven postal and logistics network.

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Start your investment journey here:

https://tinyurl.com/gotopoems

.

Cheers!

Dan

Disclaimer: https://tinyurl.com/dan-disclaimer

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#dailyupdate #tradeSGX #poems #danccs

$Frasers Property(TQ5.SI) broke above the 1.10 level after rebounding off the 1.00 support zone, with prices now moving toward the immediate 1.20 resistance.

All 20d, 100d and 200d moving averages are all pointing up, keeping the broader uptrend intact. 4 consecutive 1GT Bullish signals remains in play, with no 1GT Bearish signal appearing.

If price can stay firmly above 1.10, upside could extend further towards the target of 1.20. With buyers defending higher lows, could a clean push through 1.20 spark the next leg up?

I just released a new video showing how to build real confidence in your trading system — and how to stop overtrading for good.

If you’ve ever hesitated on good setups or 𝐭𝐚𝐤𝐞𝐧 𝐭𝐫𝐚𝐝𝐞𝐬 𝐲𝐨𝐮 𝐬𝐡𝐨𝐮𝐥𝐝𝐧’𝐭… 𝐭𝐡𝐢𝐬 𝐰𝐢𝐥𝐥 𝐡𝐞𝐥𝐩.

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$First Resources(EB5.SI)With Prices holding above the 2.00 Support since early Nov, and tested the 2.20 resistance, prices seem to have entered a consolidation phrase.

But with the 20d moving pointing up along alongside the 100d and 200d moving average, a break out from this range would see the next target drawn toward the 2.40 resistance

5 Bullish signals playing out, could we see the 6th emerge?

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

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https://www.youtube.com/watch?v=hmUgz_SDfSw
$DBS(D05.SI) $OCBC Bank(O39.SI) $SGX(S68.SI) $Singtel(Z74.SI)

https://youtu.be/Rtz7acUX-6g

https://www.youtube.com/live/-NvWbXAsY_o?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $Singtel(Z74.SI)

CapitaLand China Trust (CLCT) is the largest Singapore-listed REIT focused exclusively on China, offering a multi-asset portfolio comprising retail malls, business parks, and logistics facilities across 11 key Chinese cities. $CapLand China T(AU8U.SI)

Its strategy aims to capture China's domestic consumption and new-economy growth by proactively diversifying its asset base from retail-only to include high-growth industrial sectors. CLCT drives performance through active asset enhancement initiatives (AEIs) in its retail malls and disciplined capital management, including leveraging lower RMB interest rates to enhance returns and provide a natural currency hedge.

CapitaLand India Trust (CLINT) is the first and largest Singapore-listed property trust providing exposure to India's fast-growing business space.
Its core strategy is to own and develop a diversified portfolio of IT business parks, alongside new-economy asset classes like industrial, logistics facilities, and data centres across key Indian cities (e.g., Bangalore, Chennai, Mumbai). $CapLand India T(CY6U.SI)

CLINT drives value through active asset management, undertaking asset enhancement initiatives (AEIs), and a focus on forward-purchase and development agreements to secure a robust pipeline and generate stable, accretive returns. It is a proxy for India's strong digital and outsourcing growth.

$CapLand Ascott T(HMN.SI)

CapitaLand Ascott Trust (CLAS) is Asia Pacific's largest lodging trust, specializing in a diversified global portfolio of serviced residences, hotels, rental housing, and student accommodation.

Its strategy focuses on marrying stability with growth. Stable income is provided by long-stay assets and master leases, while growth is driven by hospitality assets and active capital recycling. CLAS divests mature properties at a premium and reinvests in higher-yielding assets and strategic asset enhancement initiatives (AEIs) to uplift portfolio quality, resilience, and distribution per stapled security (DPS) for its investors.

On Baidu ( 9888.HK), my General X trend-following momentum indicator has turned positive, and the price is trading above the key EMAs — a buy signal is triggered.
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BUY: Baidu HK SDR 10to1 (SGX: HBUD)
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Indicative Baidu HK SDR price in SGD:
HKD 123.80 (underlying) ÷ 10 (ratio) ÷ 6.0186 (SGD/HKD) = SGD 2.06
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🔹SDRs let you trade overseas blue-chip stocks on SGX in SGD, with lower costs, no FX risk, dividends in SGD, free CDP deposit, and contra trading available.

On Xiaomi (1810.HK), my General X trend-following momentum indicator has turned positive, and the price is trading above the key EMAs — a buy signal is triggered.

BUY: Xiaomi HK SDR 2-to-1 (SGX: HXXD)

Indicative Xiaomi HK SDR price in SGD:
HKD 42.78 (underlying) ÷ 2 (ratio) ÷ 6.0081 (SGD/HKD) = SGD 3.56

🔹SDRs let you trade overseas blue-chip stocks on SGX in SGD, with lower costs, no FX risk, dividends in SGD, free CDP deposit, and contra trading available.