Three well-known Hong Kong names are showing fresh 𝟏𝐆𝐓 𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐬𝐢𝐠𝐧𝐚𝐥𝐬 with prices rebounding from key support levels and approaching important resistance.

Find out what Bank of China, HSBC and PetroChina are signalling next.

👉 𝐑𝐞𝐚𝐝 𝐡𝐞𝐫𝐞:
https://joeychoy.beehiiv.com/p/hong-kong-s...

$HSBC HK SDR 5to1(HSHD.SI) $PetroCN HK SDR 1to2(HPCD.SI) $Bank of CN HK SDR 1to1(HBND.SI)

$DBS(D05.SI) continues to trend higher after holding above the 70.00 support zone, with prices now testing the 75.00 resistance. 

All 20d, 100d and 200d moving averages continue to point up, keeping momentum aligned with the broader uptrend. The recent 1GT Bullish signal remains in play as buyers continue to defend higher lows.

If price can break and close firmly above 75.00, the next upside target could be drawn toward 78.00. With strength holding near resistance, could a clean breakout above 75.00 spark the next leg higher toward 78.00 or even higher?

I analysed 4 SG stocks linked to palm oil, agri-commodities and biodiesel themes using my 1GT strategy.

Some are showing reversal signs. Some are still trending strong.

▶️ Watch the breakdown here: https://youtu.be/2Yv0zMt00dI

https://www.youtube.com/live/OlP2rzH9JH8?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $SIA(C6L.SI) $Singtel(Z74.SI)

https://youtu.be/nUb7ih6sWII
$DBS(D05.SI) $OCBC Bank(O39.SI) $IFAST(AIY.SI) $SIA(C6L.SI) $Seatrium Ltd(5E2.SI)

https://www.youtube.com/live/iSEJFpbTJ7M?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

I’m sharing this insightful piece from REITsavvy because it hits on a critical topic Cecilia HL TAN (Former CEO of an SGX-listed REIT) and I have been advocating for: we need to move beyond binary "beat or miss" thinking in the S-REIT market.

When newly listed REITs like UI Boustead REIT report maiden results slightly off IPO projections, the immediate market reaction is often overly punitive—ignoring strong underlying asset performance like rising occupancy and positive rental reversions.

💡My Key Takeaways & Why I Support This Call:
🔹S-REITs are structurally built for guidance: Unlike volatile corporate equities, REITs have contractual multi-year leases, hedged debt, and predictable cost structures.
🔹Tackles "selective explanation": Companies often explain good results enthusiastically, but grow opaque when performance misses. Forward guidance creates an objective, two-way standard of transparency.
🔹Drives real management accountability: Public forward projections force leadership to stress-test FX and rate risks early, cascading clear KPIs down to leasing and asset management teams.

Markets don't demand flawless crystal balls—they value managers who demonstrate sound judgment when forecasting and credibility when explaining changes.

👇 Read the full REITsavvy article below for the complete breakdown:

https://reitsavvy.com/insights/beyond-the-...

‌

#SREITs #SingaporeREITs #REITs #SGX #RealEstate #ForwardGuidance #CorporateGovernance #Investing #CapitalMarkets #PlanwithKenny

‌
‌
$FSTAS351020(FSTAS351020.IN)‌ ‌ $LION-PHILLIP S-REIT(CLR.SI)‌ ‌ $CSOP iEdge SREIT ETF US$(SRU.SI)‌ ‌ $CSOP iEdge SREIT ETF S$(SRT.SI)‌ ‌ $UOB AP GRN REIT S$(GRN.SI)‌ ‌ $UOB AP GRN REIT US$(GRE.SI)‌ ‌ $BHG Retail Reit(BMGU.SI)‌ ‌ $CapLand IntCom T(C38U.SI)‌ ‌ $CapLand China T(AU8U.SI)‌ ‌ $Fortune Reit HKD(F25U.SI)‌ ‌ $Frasers Cpt Tr(J69U.SI)‌ ‌ $Lippo Malls Tr(D5IU.SI)‌ ‌ $Mapletree PanAsia Com Tr(N2IU.SI)‌ ‌ $StarhillGbl Reit(P40U.SI)‌ ‌ $IREIT Global(UD1U.SI)‌ ‌$Keppel Reit(K71U.SI)‌ ‌ $ManulifeReit USD(BTOU.SI)‌ ‌ $OUEREIT(TS0U.SI)‌ ‌ $Suntec Reit(T82U.SI)‌ ‌ $AIMSAMP Cap Reit(O5RU.SI)‌ ‌ $CapitaLand Ascendas REIT(A17U.SI)‌ ‌ $EC World Reit(BWCU.SI)‌ ‌ $ESR-REIT(J91U.SI)‌ ‌ $Frasers L&C Tr(BUOU.SI)‌ ‌ $Frasers L&I Tr AUD(BWQU.SI)‌ ‌ $Keppel DC Reit(AJBU.SI)‌ ‌ $Mapletree Ind Tr(ME8U.SI)‌ ‌ $Mapletree Log Tr(M44U.SI)‌ ‌ $Sabana Reit(M1GU.SI)‌ ‌ $Far East HTrust(Q5T.SI)‌ ‌ $CDL HTrust(J85.SI)‌ ‌ $CapLand Ascott T(HMN.SI)‌ ‌ $Frasers HTrust(ACV.SI)‌ ‌ $First Reit(AW9U.SI)‌ ‌ $ParkwayLife Reit(C2PU.SI)‌ ‌ $Dasin Retail Tr(CEDU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $Sasseur Reit(CRPU.SI)‌ ‌ $Nikko AM STI ETF(G3B.SI)‌ ‌ $STI ETF(ES3.SI)‌ ‌$CapLand India T(CY6U.SI)‌ ‌ ‌$Acro HTrust USD(XZL.SI)‌ ‌ $Keppel Reit(K71U.SI)‌ ‌ $Prime US ReitUSD(OXMU.SI)‌ ‌ $Lendlease Reit(JYEU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $ELITE UK REIT(MXNU.SI)‌ ‌ $UtdHampshReitUSD(ODBU.SI)‌ ‌ $STONEWEG EUROPEAN REIT(CWBU.SI)‌ $Cromwell Reit SGD(CWCU.SI)‌ ‌ $CapitaLandInvest(9CI.SI)‌ ‌ $Daiwa Hse Log Tr(DHLU.SI)‌ ‌ $DigiCore Reit USD(DCRU.SI)‌ ‌ $PARAGON REIT(SK6U.SI) $Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $ESR REIT(9A4U.SI) $Cent Accom REIT(8C8U.SI) $NTT DC REIT USD(NTDU.SI)

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐞𝐭𝐡𝐢𝐜𝐚𝐥, 𝐩𝐚𝐬𝐬𝐢𝐯𝐞-𝐢𝐧𝐜𝐨𝐦𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐭𝐡𝐚𝐭 𝐬𝐭𝐫𝐢𝐜𝐭𝐥𝐲 𝐚𝐥𝐢𝐠𝐧 𝐰𝐢𝐭𝐡 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐯𝐚𝐥𝐮𝐞𝐬?  🌙✨

For Muslim investors in Singapore, building a halal wealth portfolio that generates consistent cash flow can be a challenge. Conventional fixed-income tools like corporate bonds are strictly out, and finding equities that meet rigorous ethical standards takes extensive research.

That is where Shariah-Compliant #SingaporeREITs come in as an excellent retirement asset class.

As per the field guide published by REITsavvy, S-REITs don't just provide a gateway to robust property income—they can be systematically filtered to ensure your wealth remains pure.

🔍 𝐓𝐡𝐞 𝐓𝐰𝐨-𝐆𝐚𝐭𝐞 𝐒𝐡𝐚𝐫𝐢𝐚𝐡 𝐒𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠 𝐏𝐫𝐨𝐜𝐞𝐬𝐬
To be included in the FTSE ST Singapore Shariah Index, a REIT cannot simply "self-declare" compliance. It must pass independent quarterly reviews handled by UK Shariah consultancy Yasaar Limited across two strict thresholds:

1️⃣𝐓𝐡𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐆𝐚𝐭𝐞: The REIT is immediately excluded if it derives meaningful income from prohibited sectors like conventional banking/insurance, alcohol, gambling, pork, tobacco, or weapons.

2️⃣𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐚𝐭𝐢𝐨 𝐆𝐚𝐭𝐞: The balance sheet must stay within Islamic finance limits. Most notably, interest-bearing debt must remain below 33% of total assets. Because many S-REITs leverage higher gearing up to the MAS 50% cap, this financial gate acts as a very tight, highly protective filter.

📊 𝐓𝐡𝐞 𝐐1 2026 𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐞 𝐚𝐭 𝐚 𝐆𝐥𝐚𝐧𝐜𝐞
Per the Q1 2026 review data, out of the broader market, a selective group of 9 S-REITs fully qualified as Shariah-compliant. This includes prominent, high-quality industrial, data center, and healthcare sectors. (Note: Because the index re-runs quarterly, certain assets can move onto a "watch list" or shift status based on their debt levels, which highlights the need for active monitoring).

💼 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐭𝐡𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐌𝐮𝐬𝐥𝐢𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬
Navigating quarterly index shifts, calculation of dividend purification (cleansing) percentages, and constructing a diversified portfolio requires dedicated expertise.

Whether your goal is to transition your current equity holdings out of CDP into an income-generating, Shariah-compliant mandate, or to tap into broader Islamic mutual funds and Unit Trusts when direct stock entries are stretched, we provide full-suite wealth advisory solutions tailored specifically for Muslim investors.

📥 DM me directly to discuss restructuring your portfolio for #ShariahCompliant dividend income. My Islamic Wealth Advisory team will guide you along in the Islamic Investing Journey.

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/

#IslamicFinance #HalalInvesting #SREITs #RetirementPlanning #PassiveIncome

Looking for a comprehensive breakdown of the S-REIT landscape listed on SGX Group? The latest REITsavvy Monthly S-REIT Pulse is out, and the data shows resilient income performance across the board.

Despite changing economic backdrops, S-REITs continue to act as an anchor for yield-focused portfolios in Singapore.

🔑 Key Highlights at a Glance:
🔹Total Market Cap: S$101B
🔹Average Distribution Yield (market cap weighted): 5.9%
🔹Average Gearing: 38% (Well within MAS limits)
🔹Attractive Yield Spread: S-REITs maintain a solid +390bps premium over the SG 10Y Bond.

🏨 Sector Breakdown (Avg 12M Distribution Yield):
🔹Hospitality: 6.6% 🔥
🔹Industrial: 6.5% 🏭
🔹Retail: 6.2% 🛍️
🔹Office: 6.0% 🏢
🔹Diversified: 5.6% 🌐
🔹Data Centre: 5.1% 💻
🔹Healthcare: 4.8% 🩺

📈 What Changed This Month? We saw interesting momentum shifts with industrial names like AIMS APAC REIT (+4.6%) and Frasers L&C Trust (+4.2%) leading the top gainers. Meanwhile, major institutional moves made waves, particularly Keppel REIT's ongoing activities surrounding its MBFC Tower 3 acquisition.

Whether you are looking for undervalued income plays (high yield vs. low P/NAV) or safer profiles with longer debt maturities (WADM), having the right screening metrics matters now more than ever.

👇 Feel free to share your thoughts in the comments, and don't forget to download the full 30-page comprehensive report for the deep-dive data tables and geographic breakdowns!

REITsavvy Screener https://screener.reitsavvy.com/login

#SREITs #SingaporeREITs #PassiveIncome #Dividends #WealthManagement #REITsavvy #FinancialPlanning #SGX

Many investors think $YZJ Shipbldg SGD(BS6.SI)'s best days are behind it after its strong share price rally.

I think the bigger question is:

Has the company's earnings fully caught up with its future potential?

In my opinion, not yet.

Yangzijiang Shipbuilding is China's largest private shipbuilder and one of the world's leading commercial shipbuilders. It builds container ships, LNG carriers, tankers and bulk carriers for major shipping companies around the world.

Here's why I remain positive.

1️⃣Years of Earnings Are Already Locked In

Yangzijiang has a US$22.3 billion orderbook, with deliveries stretching all the way to 2030. This means a large portion of its future revenue is already secured.

Even better, many of these ships were ordered during the industry's pricing upcycle, when newbuilding prices were much higher. As construction progresses and vessels are delivered, those higher-priced contracts are gradually recognised as profits.

In other words, the company is still harvesting earnings from orders it secured years ago.

2️⃣Why Do Global Shipowners Keep Choosing Yangzijiang?

The global fleet is ageing, while stricter environmental regulations are driving demand for cleaner, more fuel-efficient vessels. At the same time, energy security concerns continue to support demand for tankers and LNG carriers.

But strong industry demand alone isn't enough.

Shipowners choose Yangzijiang because it has built a reputation for delivering high-quality vessels on time, on budget, and with consistent execution. That trusted track record has resulted in repeat customers and one of the world's largest commercial shipbuilding orderbooks.

To me, Yangzijiang isn't simply benefiting from a strong shipbuilding cycle. It has become one of the world's leading shipbuilders, with years of earnings already secured and a reputation that continues to attract global customers.

Maybe the boat hasn't sailed yet—it may just be entering its next leg of the journey.

Analysts' Target Price

🎯 DBS Research: S$4.55
🎯 UOB Kay Hian: S$4.75

📊 My Technical View

Yangzijiang formed a double bottom at S$3.36 in June.

My General X system triggered a Buy signal on 15 July, before the stock rallied strongly and broke above the double-bottom neckline at S$3.75, reaching a recent high of S$4.06.

The recent pullback found support around the 20-day EMA, and yesterday the stock climbed back above the 5-day EMA, suggesting that the short-term momentum remains intact.

My Technical Targets
🎯 S$4.06
🎯 S$4.53

🌟 My Trade Action

I'm riding the uptrend and plan to add more next week, as I'm positioning for what I believe will be a strong 1H26 earnings result.

⚠️ Risk Management: Exit if the price closes below the 20 EMA for two consecutive trading days.

Please refer to my disclaimer: https://tinyurl.com/alex-disclaimer

📌 If you find this analysis useful, I share weekly trading ideas and special trade setups through my WhatsApp Community Announcement Group (one-way only, no spam).

👉 To join, simply WhatsApp "SG" to:
 https://wa.me/6590908871

Joining is free.

J.P. Morgan today downgraded $Seatrium Ltd(5E2.SI) from Overweight to Underweight, cutting its target price from S$3.05 to S$1.60.
I read the report carefully, and one thing stood out.

J.P. Morgan still expects:
✅ Revenue to remain supported by the existing order book.
✅ EBIT margin to improve from 4.5% (FY2025) to 6.7% (FY2028).
✅ Seatrium to remain profitable.
So the debate isn't whether Seatrium is recovering.
The real question is whether the S$1.60 target price assumes too many negative outcomes at the same time.

1️⃣ The target price is based on multiple conservative assumptions
J.P. Morgan assumes:
• Slower order replenishment
• Petrobras awarding less work under the BOT model
• Weaker oil prices
• Lower ROE
• A valuation of just 0.7x Price-to-Book

Each risk is possible.
But what are the chances they all happen together?
Remember, a target price is not a fact—it is based on assumptions.

2️⃣ Smaller contracts don't always mean lower profits
J.P. Morgan believes Petrobras' BOT model could reduce contract values awarded to Seatrium.
That's a valid concern.
But smaller contracts don't automatically mean lower profits.
For example:
• S$2b contract × 4% margin = S$80m profit
• S$1.2b contract × 8% margin = S$96m profit
The contract is smaller, but the profit is higher.
In my view, investors should focus not just on contract size, but also on contract quality and profitability.

My View
J.P. Morgan raises valid risks, but I believe S$1.60 represents a bear-case scenario built on several conservative assumptions.
I'll be watching:
✅ New order wins
✅ EBIT margin
✅ Operating cash flow
✅ Management's outlook this Friday

If Seatrium continues improving margins while replenishing its order book, the market may eventually reassess that valuation.

💡My strategy remains unchanged: I will continue to accumulate gradually on weakness.

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 ‘InvestSG’ on WhatsApp: https://wa.me/6590908871
Joining is free.

Back on 26 Apr, I shared that $Olam Group(VC2.SI)'s value unlocking story had only just begun.

At that time, the stock was trading around S$1.03.

As of 12 Jun, Olam closed at S$1.28, delivering a gain of about 24%.

Many investors would take profit after such a strong rally.

I'm doing the opposite.

I'm adding again.

━━━━━━━━━━━━━━━━━━

Why?

Because I believe the story is far from over.

The market is only beginning to recognise Olam's hidden value.

The Olam Agri sale to SALIC alone is expected to add around 63 cents per share, lifting estimated NAV from 182 cents to around 245 cents.

And that's from just one transaction.

There are still more assets that could unlock value over time.

🔹 Potential monetisation of ofi

🔹 Further divestments

🔹 Continued capital returns through dividends and buybacks

🔹 Market valuation still trades at a significant discount to intrinsic value

The sum-of-parts story is still unfolding.

━━━━━━━━━━━━━━━━━━

🎯 Analyst Target Price

• Maybank Research: S$1.60

━━━━━━━━━━━━━━━━━━

The First Wave Delivered

The first wave carried Olam from S$0.975 to S$1.28 as investors gradually recognised the hidden value within the group.

Now, after several weeks of healthy consolidation, the stock appears to be preparing for its next move.

Strong stocks often move in waves.

Breakout.

Consolidation.

Then another advance.

━━━━━━━━━━━━━━━━━━

📊 My Technical View

After bottoming around S$0.81, Olam completed a major trend reversal earlier this year.

The recent consolidation has been healthy, with price finding support around the 20 EMA.

Momentum is starting to improve again, and my General X system remains on BUY.

Next Targets

🎯 S$1.50

🎯 S$1.69

━━━━━━━━━━━━━━━━━━

🌟 My Trade Action

Initiated position on 23 & 24 Apr

Entry: S$1.02 – S$1.03

Added position on 11 & 12 Jun

Entry: S$1.26 – S$1.32

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

No prediction. Just following the trend.

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 ‘InvestSG’ on WhatsApp: https://wa.me/6590908871

Joining is free.

Was eyeing to add more Geo energy at 0.465/0.47. Before i can post it.. it open 0.47 and went up higher now at 0.485. Looking at it moving towards 0.50 and longer timeframe 0.56 or higher.

Frencken Group — 27 July 2026
A big thank you to SGX for another invaluable Listco visit — this time to Frencken Group. Sharing my key takeaways below 👇

Company Background
Founded in 1947, with Dutch origins
Long-standing 70+ year relationship with Philips, contributing ~€80 million annually
3,600 employees across 18 sites globally — spanning the US, Europe, Asia and India

Business Structure
Three divisions: Mechatronics (~80% of business), Advanced Plastic Solutions (APS), and Materials
Diversified end-markets: semiconductor, medical, life science, aerospace, industrial automation, and automotive

Core Competencies
Precision machining, vacuum technology, and cleanroom manufacturing environments
Products include scanning electron microscope components, precision stages, and nano-manipulators
Involved across the semiconductor supply chain — from wafer processing to dicing and packaging

Key Customer Relationships
Sole supplier to ASML for select complex parts
Supplies modules and high-level assemblies rather than directly to fabs — serving OEM customers who in turn supply the fabs
Also builds complete wafer tools for select customers

Navigating the Semiconductor Cycle
Actively diversifies across segments to manage the cyclicality of semiconductors
Continues investing in new programs during downturns to protect long-term growth
Adjusts headcount and hiring practices in response to market conditions

Growth & Diversification
Expanding into life science, medical, and automotive segments
Involved in projects such as satellite terminals and engine casings for Boeing and Airbus
Developing new products including plastic gearboxes for robotics — eyeing opportunities in the physical AI space

Global Strategy & Culture
Tailors approach by region — China, Europe, Southeast Asia, and Japan each require different playbooks
Emphasis on understanding cultural nuance as a competitive advantage in global operations

Capital & Growth Plans
May need to raise funds over the next 1–2 years to support growth and new investments
Balancing organic growth with inorganic (M&A) opportunities
Staying agile amid ongoing supply chain and geopolitical headwinds

Technical Reading
Daily Market structure has turned bearish when it broke 2.54 on 29th July. Have to look at lower timeframe to look for new buys zones.

Views are my own observations from the site visit and do not constitute investment advice.
#SGX #FrenckenGroup #Semiconductors #Manufacturing #SGXAmbassador

After falling for many days, today market structure had changed with a crossing at $5.46. If today market close above 5.46, i prefer to be on the Long side.

$Sembcorp Ind(U96.SI)