Site Visit to Centurion Corporation

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Investors often talk about business models, occupancy rates, and earnings.
But sometimes, the most interesting insights come from stepping onto the ground and seeing how a business actually operates.

‌

Recently, I had the opportunity to visit $Centurion(OU8.SI) Corporation’s Westlite Ubi workers dormitory together with members of the investment community.

‌

And honestly, the visit gave me a different perspective.

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When many people hear the words “workers dormitory”, they may picture something very basic and functional.

‌

Walking through the facility, what stood out to me was how much thought had actually gone into creating a proper living environment.

‌

The rooms were clean and well-maintained, complete with ensuite toilets and individual cooking areas. Around the compound, there were amenities like a minimart, barber shop, canteen, gym facilities, and even lockers for food delivery collection.

‌

Small things perhaps.
But small things often shape daily life in a big way.

‌

One part that stayed with me was learning about the role of their “Resi-Life Managers”.

‌

Beyond operations and maintenance, these managers help look after the welfare and well-being of residents, while also organising activities and inter-dorm competitions to build a stronger sense of community among workers.
That was probably the moment the visit started feeling less like a property tour, and more like understanding a business built around people.

‌

I also had the chance to chat with CEO Kong Chee Min, to better understand the company’s direction and operating philosophy.

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What I found interesting was that the conversation wasn’t only about occupancy rates, expansion plans, or financial performance.

‌

There was also genuine discussion around resident welfare, operational standards, and the importance of maintaining a sustainable living environment over the long run.

‌

From an investment perspective, Centurion Corporation has actually been one of the stronger SGX performers over the past year. The share price had a very strong run in 2025, hitting an all-time high of $1.89, supported by resilient demand and improving fundamentals, although like many counters, it has seen some consolidation and profit-taking more recently in 2026.

‌

Of course, no company is without challenges.

‌

For Centurion, investors will probably continue watching areas like rising operating costs, regulatory expectations, labour market conditions, and whether expansion plans can continue delivering sustainable returns over time.
But after the visit, one personal takeaway stood out for me.

‌

Sometimes, behind the numbers, valuations, and share price charts, you can still find companies that genuinely place importance on the people they serve.
Because sometimes, the real story of a business is found far away from the share price chart.

‌

A big thank you to the Centurion team and Financial PR team for the warm hosting, and SGListCos and SGX Group for organising and facilitating the visit.

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#SiteVisit #Centurion #TradeSGX #danccs
===
If you think Dan can value add to your investment journey, connect with him here: tinyurl.com/TTP-dan

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Disclaimers:
This site visit is meant to provide perspectives and insights into the company from my point of view. Not a stock recommendation.
tinyurl.com/dan-disclaimer

‌

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *28/5/26*

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STI: 5028 (-41) | HSI: 25328 (-271) | Dow: 50644 (+182) | S&P: 7520 (+1) | Nasdaq: 26674 (+18)

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*US Markets Overnight*

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*Record Highs, But Cracks in the Chips*

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Wall Street chalked up another record night, with all three major U.S. indexes closing at fresh highs. The Dow added 0.4%, while the S&P 500 and Nasdaq squeezed out smaller gains, enough to keep the rally train rolling. Under the hood though, it was not exactly a broad-based party. Chip stocks finally looked a little tired after the recent AI-fuelled sprint. *Micron* kept the momentum alive with another gain after smashing through the US$1 trillion market cap mark, but names like *Qualcomm* and *Marvell* gave back ground, suggesting investors may be taking some chips off the table, pun intended.

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The Magnificent Seven were mixed, although *Meta Platform* stood out with a near 4% jump after unveiling paid “enhanced” subscriptions across its platforms. Looks like even social media is finding new ways to monetise our scrolling habits. Meanwhile, *Salesforce* continued to feel the pressure from growing concerns that AI disruption could reshape the software sector faster than expected.

.

Energy stocks also lost some steam after oil prices tumbled sharply on reports of a possible easing in tensions around the Strait of Hormuz. Brent crude fell more than 5%, a reminder that geopolitics still moves markets as much as earnings do.

Elsewhere, cybersecurity firm *Zscaler* got absolutely punished, down 32% after cautious guidance spooked investors. *Bath & Body Works* was the surprise winner of the night, jumping nearly 10% after upbeat profit guidance proved there is still strong consumer demand for affordable indulgences. Insulet slipped after issuing a device correction notice tied to certain insulin pods.

.

Bond yields eased slightly, with the 10-year Treasury yield dipping to 4.48%, offering a bit of breathing room for rate-sensitive sectors. Overall, the mood remains bullish, but beneath the record headlines, investors are getting more selective. The market is still dancing, just with a closer eye on who is stepping on toes.

.

What’s Brewing Today*

.

If Monday is the day to look out for blue chips, today, imo, is the day for SMID. 3 counters to look out for potential market interest. *iWow Technologies*, *GRC* and *Koh Eco* may be in focus, thanks to positive profit guidance, award wins and transfer-to-mainboard proposal respectively. Only thing to note is that GRC already “ran up one round” on Tuesday, thus may need to be more cautious.

.

*Valuetronic* bottomline not fantastic due to net loss in Trik AI investment. But increase dividend policy. Let’s seehow it pans out.

.

===

*SGX Research Vault*

.

*Directors Increase Stakes, Including Aspial Lifestyle, Raffles Medical and Centurion*

https://www.sgx.com/research-education/market-updates/20260525-directors-increase-stakes-including-aspial-lifestyle

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*REIT Watch - S REIT Retail Flows in 2026*

https://www.sgx.com/research-education/market-updates/20260525-reit-watch-s-reit-retail-flows-2026

.

===

*Happening Today*

SG Earnings

— TCIL HK$: HKD 0.06

SG Earnings

— Valuetronics / KSH

EU

— Consumer Inflation Expectation  (May) / ECB President Lagarde Speaks

US

— Core PCE Price Index (YoY) (Apr) / GDP (QoQ) (Q1) / Durable Goods Orders (MoM) (Apr) / Initial Jobless Claims

.

===

*SG Stock news*

— *Valuetronics* lifted FY2026 total dividends by 41% to 38 Hong Kong cents per share, raised its dividend payout policy, and plans to return around HK$300 million in surplus cash via special dividends and buybacks over the next two years, even as net profit fell 33% amid weaker consumer electronics demand and net loss related to Trio AI Investment. Excluding the latter, adjusted Operating Profit improved from HK$175.3 million to HK$179.8 million

https://links.sgx.com/1.0.0/corporate-announcements/LY7PRP2PMXVFX34T/890522_20260528-VHL-Presentation%20Slides-FY2026.pdf

— *CSC Holdings* reports FY2026 earnings of $2.7 mil, up 42.9% y-o-y; declares final dividend of 0.037 cents

https://www.theedgesingapore.com/capital/results/csc-holdings-reports-fy2026-earnings-27-mil-429-y-o-y-declares-final-dividend-0037

— *Chasen Holdings* Returns to Profit in FY2026, Underpinned by S$45 Million in Secured FY2027 Projects and Growing Exposure to High-Growth Sectors

https://links.sgx.com/1.0.0/corporate-announcements/N0AYNDWID0EYO1PX/890534_Chasen%20-%20FY2026%20Results%20Press%20Release.pdf

— *IHH Healthcare* reported resilient Q1 2026 growth with core revenue rising 16% year on year on a constant currency basis to RM6.5 billion and PATMI increasing 3% to RM528 million, driven by strong performances in Malaysia, Türkiye/Europe and India, higher patient volumes, and more complex cases.

https://links.sgx.com/1.0.0/corporate-announcements/SDGG9T5OQ5U1HSAJ/890325_IHH%20Q1%202026_Press%20Release%2026.05.2026.pdf

— *Japan Foods* narrows loss in FY2026 as portfolio rationalisation and profit recovery efforts bear fruit

https://links.sgx.com/1.0.0/corporate-announcements/1T45MT51Z44VCQA0/890383_JFH%20-%20Corporate%20Presentation%20FY2026.pdf

— *Livingstone Health* reported FY2026 revenue growth of 5.9% to S$29.3 million, while net profit fell 60% to S$223,000 due mainly to losses and one-off closure costs from its underperforming Ardennes health screening centre, although adjusted net profit excluding these items improved to S$608,000.

https://links.sgx.com/1.0.0/corporate-announcements/1ZFWZ1369AZR2N57/890427_FY2026_Press%20Release.pdf

—💪 *iWOW Technology* expects FY2026 revenue to rise 19% and operating profit after tax to more than double, driven by strong performance across all business segments, especially smart city infrastructure, although the group will still report a net loss due to a S$4.4 million fair value adjustment linked to the higher final earn-out consideration for ROOTS Group following its outperformance.

— 💪*Global Resource Construction* subsidiary, has been awarded a contract valued at approximately S$757 million by the Land Transport Authority.

—💪*Koh Brothers Eco Engineering* plans to transfer listing from Catalist to Mainboard

— * KOP Limited* is expected to report a net loss for the six months and full financial year ended 31 March 2026, mainly attributed to the decrease in revenue from the real estate development and investment segment as a result of sale of all remaining units in Dalvey Haus project in the financial year ended 31 March 2025 (“FY2025”).

— *TOTM Technologies* raised $5.5 mil from various investors including Lion Global

https://www.theedgesingapore.com/news/equity-raising/totm-technologies-raised-55-mil-various-investors-including-lion-global

— * Mary Chia* is expected to report a net loss for FY2026, as compared to the net profit recorded for FY2025, mainly attributable to: (i) weaker operating performance arising from lower revenue contribution from the Group’s Taiwan operations; (ii) higher operating and fulfilment related costs from the Group’s Taiwan operations; (iii) higher depreciation of right-of-use assets; and (iv) higher  finance costs arising from increased borrowings.

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Cheers!

Dan

.

Start your investment journey here:

https://www.phillip.com.sg/talktophillip/danccs/

.

Disclaimer:

https://tinyurl.com/dan-disclaimer

.

#dailyupdate #tradeSGX #POEMS #danccs

🚨 𝐑𝐞𝐩𝐥𝐚𝐲 𝐢𝐬 𝐧𝐨𝐰 𝐫𝐞𝐚𝐝𝐲.

In today’s One Good Trade, 𝐈 𝐫𝐞𝐯𝐞𝐚𝐥𝐞𝐝 𝐚 𝐍𝐄𝐖 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤 — 𝐂𝐢𝐭𝐲𝐃𝐞𝐯 (𝐂𝟎𝟗) — and why it could potentially see more upside if key resistance breaks and bullish signals appear. 💪😉

I also revisited 𝐒𝐆𝐗 (𝐒𝟔𝟖), 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐬𝐭 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤𝐬 𝐫𝐞𝐜𝐞𝐧𝐭𝐥𝐲.

🎙 Jamie from Macquarie also shared how traders can potentially magnify gains using a smart capital-efficient approach.

🎥 Watch the replay here: https://www.youtube.com/watch?v=KBrjL-qnLXk

𝐒𝐆 𝐭𝐞𝐜𝐡 𝐬𝐭𝐨𝐜𝐤𝐬 𝐬𝐨𝐥𝐝 𝐨𝐟𝐟 𝐫𝐞𝐜𝐞𝐧𝐭𝐥𝐲… 𝐁𝐮𝐭 𝐧𝐨𝐭 𝐚𝐥𝐥 𝐰𝐞𝐚𝐤𝐧𝐞𝐬𝐬 𝐢𝐬 𝐛𝐞𝐚𝐫𝐢𝐬𝐡.

Some of the strongest names are now back at support — and the charts are getting interesting again. 😅

I analyzed AEM, Frencken, Aztech, AddValue Tech & UMS using my 1GT strategy.

You’ll want to see this.
▶️ Watch here: https://youtu.be/ER_b7XC8sGo

$AEM SGD(AWX.SI) $Frencken(E28.SI) $Aztech Gbl(8AZ.SI) $Addvalue Tech^(A31.SI) $UMS(558.SI)

$AEM SGD(AWX.SI)surged strongly and is now pushing towards the 11.00 resistance after holding above the 9.00 support zone.

All 20d, 100d and 200d moving averages are pointing up, keeping momentum aligned with the broader uptrend. The earlier 1GT Bullish signals remain in play as buyers continue to defend higher lows. 

If price can break and close firmly above 11.00, the next upside target sits near 12.00. With strength building up, could a clean push through 11.00 spark the next leg higher toward 12.00?

https://youtu.be/Lj_W1BLlxHY
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

https://youtu.be/Tuiy2Gq7pxo
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $SGX(S68.SI) $Singtel(Z74.SI)

https://www.youtube.com/live/cALWrd3H51E?s...
$DBS(D05.SI) $OCB5S(OCB5S.SI) $UOB(U11.SI) $SGX(S68.SI)

Introduction
Apple, Nvidia, Tesla, Microsoft, Amazon…… many of us, especially younger investors, are drawn to these US Stocks, known for their stellar performance over the years. The S&P 500 has delivered an average annual return of 10.33% since 1957 (Investopedia). However, did you know that owning these stocks directly as a non-U.S. person (like us) can trigger a significant tax burden upon death? This tax, the U.S. estate tax, can claim up to 40% of the value of your US assets, drastically reducing the wealth passed on to your beneficiaries.

Understanding the US Estate Tax
The US estate tax applies to “US situs” assets owned by non-resident, non-citizen individuals at the time of their death. These assets include shares in companies incorporated in the US, US real estate, certain US-based bonds and mutual funds, and even cash deposits held with US brokers.

Unfortunately, the threshold for exemption is extremely low for non-US persons. Only the first US$60,000 of US situs assets is exempt from tax. Any value above that amount may be subject to estate tax, at rates that can go as high as 40%.

For example, a Singaporean investor with a portfolio of US stocks valued at US$1 million would only receive an exemption of US$60,000. The remaining US$940,000 would be subject to estate tax, potentially resulting in a tax bill of up to US$376,000!

👇View a short explanation video here:
https://www.youtube.com/watch?v=1Szm_eTJeZ...

Read More here:
https://engage.fa.com.sg/kennyloh/navigati...

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/............
‌
Check out more REIT financial ratio at https://reitsavvy.com......
‌
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profil

‌Technical Analysis (TA)

Looking at the multi-year weekly chart provided up to late May 2026:

$Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI)

• The Big Picture (Base Building): After a severe macro-driven downtrend from 2021 through late 2023, the stock found a cyclical bottom near €1.20. Since 2024, the chart has transitioned out of its downtrend into a healthy, extended accumulation base ranging between €1.40 and €1.75.


• Current Price Action: The stock is trading at €1.520, tightly hovering around its 20-week and 50-week Moving Averages (the pink and blue lines), while the 200-week Moving Average (green line) has flattened out at €1.567. This indicates a compression phase where volatility is drying up before a major breakout attempt.


• Key Levels to Watch:
  Immediate Support (€1.461): A well-tested horizontal floor that has held multiple times throughout 2025 and early 2026.
  Immediate Resistance (€1.638): The local peak. A convincing weekly close above this level clears the path toward the major psychological barrier at €1.75.
  Macro Target (€2.134): The historical broken support line, which will serve as a major long-term upside target once the €1.75 range is cleared.

‌

Fundamental Analysis (FA)

‌

‌

Stoneweg EU Trust has successfully completed its painful capital restructure and pivot phase, emerging as a structurally stronger, high-yielding stapled trust.

• Deep Valuation Discount: The stock is currently trading at a compelling ~25% discount to its Net Asset Value (NAV) of €1.99. This provides a massive margin of safety for value investors, with major banks maintaining buy targets around €1.88–€1.90.


• Attractive, Stabilized Yield: Trading at €1.52, the trust offers a forward dividend yield of roughly 8.6% to 8.7%. Following management's successful portfolio reset, distribution per unit (DPU) has stabilized, making this yield highly reliable compared to previous volatile years.


• Portfolio Re-positioning: The trust has aggressively recycled capital out of non-core European offices and into high-growth segments. Its mix currently stands at 61% logistics, light industrial, and data centers, with a clear strategic roadmap to hit 70% by 2027.


• Solid Balance Sheet: Gearing sits at a manageable 42.7% (with plans to naturally deleverage below 40% via further office sales). Crucially, 87% of its debt is hedged or fixed until late 2027, keeping its current cost of debt well-controlled at 3.84%.

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Tailwinds & Headwinds

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🚀 Tailwinds (The Upside Drivers)

‌

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• Built-in Inflation Protection: Nearly 100% of SERT’s leases feature CPI-linked rental indexation. This allows the trust to capture organic rental growth automatically, resulting in a positive +3.9% overall rent reversion in 1Q 2026.


• Data Center Growth Optionality: The trust’s recent €50 million development investment into AiOnX data centers provides a dual benefit: a fixed 7.25% annual cash coupon plus meaningful future NAV upside as construction milestones clear.


• Aggressive Share Buybacks: Management is actively supporting the stock price, having repurchased over 2.1 million securities year-to-date in 2026, which helps boost DPU.


• Excellent Cost Pass-Through: The trust is highly insulated from volatile utility costs, successfully passing 98.4% of energy hikes directly onto its tenants.

‌

⚠️ Headwinds (The Risks to Watch)

‌

‌

• Bifurcated Property Market: While logistics demand is roaring (+7.6% rent reversion), the trust's remaining 41% exposure to European offices remains a drag, experiencing slightly negative rent reversions (-2.8%) as management prioritizes keeping occupancies stable over higher rents.


• Tight Interest Coverage: Net interest cover stands at 2.6x. While its debt is comfortably hedged until late 2027, if Eurozone interest rates stay "higher for longer" past 2027, refinancing down the road could pressure future earnings.


• Subdued Eurozone Growth: The underlying European macro economy remains sluggish, with modest GDP growth projections hovering around 1.1% for 2026, meaning organic growth relies heavily on structural shifts (like e-commerce and near-shoring) rather than broader economic expansion.

‌

The Verdict

‌

‌

Stoneweg EU Trust is technically coiled in a multi-year accumulation floor, while fundamentally trading at an unwarranted 25% discount to its assets. For income investors, the 8.6% yield is backed by strong logistics fundamentals and CPI-pegged rents, making the risk/reward profile heavily tilted to the upside.

‌

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.

👉 https://www.kennyloh.net/............

Check out more REIT financial ratio at https://reitsavvy.com......
‌

‌
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.

‌1. Technical Analysis (TA)
Based on the provided ShareInvestor daily candlestick chart ending May 23, 2026: $ESR REIT(9A4U.SI) $ESR-REIT(J91U.SI)

• Fibonacci Retracement & Support/Resistance: * The stock is currently trading right at 2.380, hovering immediately above the crucial 38.2% Fibonacci retracement level (approx. 2.360).


• The 0% baseline sits near 2.000, which acts as major structural support.
  Immediate resistance sits at the 61.8% Fibonacci level around 2.550, followed by the 100% peak near 2.880 – 2.920.


• Moving Average (MA) Cross Setup:
  The 20-day and 50-day MAs (pink and blue lines) are tightly intertwined, flattening out right around the current price cluster (2.380–2.430). This signals a classic consolidation phase and a lack of immediate directional momentum.
  The 200-day MA (green line) is sloping downward and sits much higher at 2.648, acting as heavy overhead macro resistance.


• Price Action & Structural History (Circled Areas):
  The three circled areas highlight historical resistance-turned-support-turned-resistance zones. Early 2025 saw major distribution/breakdowns from those levels.

After a strong recovery leg in mid-to-late 2025 that peaked near the 100% Fib line, the stock experienced a sharp correction in Q1 2026. The current price action indicates it is trying to carve out a sustainable base in the 2.300–2.400 range.

2. Fundamental Analysis (FA)

• Key financial metrics and operating performance context for mid-2026:
  Valuation & Yield: At 2.38, the REIT trades at a noticeable discount to its Net Asset Value (NAV / Price-to-Book is around 0.93x). It offers a highly competitive forward distribution yield of ~8.0% to 9.2%, comfortably beating the industrial sector average (~8.4%).


• 1Q2026 Earnings & Operational Health: The Q1 2026 business update showed a slight 2.3% dip in Net Property Income (NPI) to S$80.6 million. Overall portfolio occupancy remains relatively stable but slightly soft at 91.1%.


• Capital Structure: The gearing ratio stands around 43.4%, which sits on the higher side of the MAS regulatory ceiling and above the industrial sector average of ~37%. The Interest Coverage Ratio (ICR) is tight at 2.5x, flagging a constrained profile for debt-funded expansions.

3. Headwinds & Tailwinds
🛑 Headwinds

• Income Gap from Heavy Divestments: The manager executed a larger-than-expected S$455.8 million divestment campaign going into 2026 (shattering the original S$200 million target). While this protects the balance sheet, it leaves an immediate 12% to 13% drop-off in top-line revenue capacity until those funds are fully redeployed.


• Cost of Debt & Soft ICR: With an ICR lingering right at 2.5x, the cost of refinancing older hedges at current market rates puts structural pressure on the DPU payout capabilities.


• Shareholder Dilution: Historical equity fundraising and minor asset unitholder dilutions over the past year have expanded the float, requiring higher net earnings just to keep DPU stable.

航 Tailwind & Catalysts

• Aggressive Asset Redeployment (Japan Focus): The management is actively hunting for up to S$500 million in higher-yielding New Economy assets, focusing heavily on logistics and data infrastructure in Japan. Accretive acquisitions here act as the main re-rating catalyst for late 2026.


• De-gearing Runway: As the remainder of the S$455.8m divestment proceeds settle, aggregate leverage is projected to glide back under the safer 40% threshold, alleviating debt-covenant anxieties.


• Strong Secular Rent Reversions: Despite lower occupancy, the logistics and high-specification industrial segments continue to enjoy positive rental reversions due to tight supply dynamics in prime Singapore industrial hubs.
  Insider Alignment: Notable on-market insider buying (e.g., Board members buying chunks of shares between 2.41 and 2.47 earlier this year) demonstrates strong management confidence at these exact valuation levels.

Summary Outlook
Technically, ESR-LOGOS REIT is catching its breath at a critical structural floor (38.2% Fib at 2.36–2.38). Fundamentally, it is enduring a transition year—trading short-term revenue loss from massive asset sales for long-term balance sheet health and pipeline rejuvenation. A decisive breakout above the 50-day MA would confirm a base case, while the timeline for redeploying capital into overseas logistics will dictate the stock's multi-month trajectory.

‌

‌

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/.........
‌
Check out more REIT financial ratio at https://reitsavvy.com...
‌
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.

I am a Remisier at Phillip Securities and one of the top traders in the company, actively trading the market.

Every weekend, I share a watchlist of stocks in my WhatsApp Announcement Group. These counters are screened using my proprietary momentum system and are among the names I prepare for my own trading in the following week.

Last Saturday, many members from the group joined my SGX-sponsored Chinese stock seminar at SGX Auditorium. We discussed several strong trading stocks during the session, and many of them performed well over the last two trading days. Seeing members benefit from the ideas is always satisfying.

The group is one-way only (no spam, no chat flood 😊).
Joining is free.

If you would like to receive the weekly stock list and special trade setups, feel free to join.

👉 To join, simply message ‘InvestSG’ on WhatsApp: https://wa.me/6590908871

See you inside and let’s grow together 📊

$PC Partner(PCT.SI) has been quietly attracting my attention with its strong momentum throughout the year.

I keep hearing colleagues talking about it from time to time, but I never seriously looked into the story behind it.

After going through the latest KGI report dated 18 Mar 2026, I started to understand why the market has been rewarding it.

🔹FY25 results were much stronger than expected
Revenue rose 38.4% YoY, while profit jumped 88.5% YoY.

🔹The company is moving away from low-end cards and pushing premium GPU products
RTX5090 alone contributed HK$1.69bn, or about 16% of own-brand VGA revenue.

🔹KGI revised FY26 revenue forecast from -15.2% decline to +12.3% growth
The reason: better pricing power, premium product mix, and lower concern of another 2022–2023 style collapse.

KGI raised its TP from S$1.73 to S$2.54

Personally, I don’t think it is too late.

The stock still shows strong momentum, and I like the combination of:

• Blackwell upgrade cycle
• Premium GPU mix upgrade
• Strong earnings momentum
•  Potential AI server optionality

📈My Technical View:

The stock started the year around S$0.90 and went into a strong uptrend, eventually hitting an all-time high of S$2.23 on 7 May.

After that came the correction.

When many thought the story was over, the stock found support around S$1.73 and rebounded quickly.

To me, this looks like the stock is attempting to resume its uptrend again.

🎯Next resistance / target levels:

1st Target: S$2.23
2nd Target: S$2.73

My Trade Plan:

I will be initiating a BUY position tomorrowand let the price action do the talking.

⚠️ Exit if the price closes below 20 EMA for 2 consecutive days.

For reference only. Please refer to disclaimer: https://tinyurl.com/alex-disclaimer

📌If you find this analysis useful, I share weekly trading ideas and special trade setups via my WhatsApp community announcement group (one-way, no spam).

👉 To join, simply message ‘Weekly Ideas - InvestSG’ on WhatsApp: https://wa.me/6590908871

$Singtel(Z74.SI) 

One key reason behind Singtel’s recent weakness is the change involving its Special Discounted Shares (SDS).

Back in 1993 and 1996, many Singaporeans bought Singtel shares using CPF funds at discounted prices.

From 8 Apr 2026 onwards, SDS holders can now:
✅Sell their Singtel shares
✅Receive the proceeds in cash
❌ No need to keep the money inside CPF OA anymore

This led to concerns of selling pressure after Singtel’s strong rally to multi-year highs.

According to reports:
• Around 83,000 SDS holders (13% of the cohort) had sold by 30 Apr 2026
• 90% chose cash proceeds

However, Singtel later mentioned that SDS-related selling had already slowed to around 4.5 million shares daily, or about 11% of average daily trading volume.

Beyond the short-term selling pressure, Singtel is quietly transforming into an AI and digital infrastructure player.

Through Nxera and STT GDC, Singtel is expanding aggressively into:
• AI-ready data centres
• Cloud infrastructure
• Hyperscaler demand

The future growth story may no longer be just about telecom subscribers.
AI infrastructure and data centres could become the next major growth engine.

Interestingly, while some retail investors are worried about SDS selling pressure, institutions appear to be accumulating.

US fund giant Capital Group recently became a substantial shareholder after crossing the 5% stake threshold in Singtel.

Analyst target prices:
• DBS: S$5.71
• Maybank: S$5.25
• UOBKH: S$5.50

📊 My technical view:

Singtel hit an all-time high of S$5.27 on 20 Mar 2026 before dropping sharply to S$4.46 within one month after the SDS announcement.

The stock was supported by its long-term 200 EMA and consolidated for about a week.

Recently, the price has started moving up again with improving momentum, and my General X indicator triggered a BUY signal on 13 May.

Next target:
🎯 S$5.27

My trade action:
I initiated positions at S$4.775 and S$4.855 on 13–14 May after the General X BUY signal was triggered.

⚠️ Exit if the price closes below the 20 EMA for 2 consecutive days.

📍 I will also be conducting my upcoming Chinese stock seminar at SGX on 23 May 2026, where I will share more on how I analyse price action and identify trading opportunities using simple charts. Contact 90908871

For reference only. Please refer to disclaimer: https://tinyurl.com/alex-disclaimer

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